There are mainly two types of determinants factors which influence the economic development of a country.
This is part 4 of an exploration into why some countries are poorer than others. Discrimination Sometimes there are social or cultural factors that hold back poor countries. Discrimination is one of these.
This may be a tribe, a caste, a racial category or minority language group. I have already mentioned Cameroon, which has both French speaking and English speaking regions.
All the infrastructure happens in the French speaking part. French speakers in Canada complain of the opposite. Welsh speakers in Britain, or Catalans in Spain, have historically faced similar problems.
Racial discrimination may be an issue, excluding certain groups from economic activity, either deliberately or not. Racial minorities regularly have poorer exam results and economic prospects than the majority.
Another division may be the role of women.
Jeffrey Sachs talks about this in The End of Poverty: Population Closely linked to this is the population issue. If women see staying at home and bringing up children as their chief role, they will have more children than those who work.
There is nothing wrong with having lots of children, as long as you can provide for them. What is interesting is that the countries where this has happened are often those where women do not play a role in business or society.
When women are educated and given a choice, some will stay at home and look after children, and others will pursue careers or start small businesses.
This is an important factor, as some countries have seen their population double or triple without their economies keeping pace. That leaves more mouths to feed, and just not enough to go around. This the far end of the spectrum, but culture works in subtler ways too. Some cultures believe in a greater good, in unity, in the rule of law.
They are optimistic, hopeful, ambitious and ready to pull together. Others can be paranoid, fragmented, uncertain of their place in the modern world, angry, resistant to change.
Rich countries can be overconfident and brash. Poor countries can see themselves as victims and become despondent. Hinduism was often cited as one of the reasons why India would never develop. Because everyone accepts their place in the world, it was assumed that Hindus would lack the ambition required to innovate and do business on an international stage.
So did Korean culture change, or was the writer simply being superior? We understand each other better than ever in our globalized world, but our language and traditions are still full of little prejudices that imply we are better than others, and that our neighbours are lazy and dirty and uncouth.
A Malagasy friend once joked that in Madagascar, every tribe believes that every other tribe eats cats.
In short, culture no doubt plays a role in development, but we have to watch our own biases as we seek to understand why some countries succeed and others fail.The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies.
Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. the environment of the child makes a difference in how that child learns and grows, we examine the aspects of parenting that are associated with development of the desired personal characteristics.
The principal factor affecting the development of an economy is the natural resources. Among the natural resources, the land area and the quality of the soil, forest wealth, good river system, minerals and oil-resources, good and bracing climate, etc., are included.
Factors affecting development Early Stimulation Studies of the effect of environmental stimulation on an individual's development in either general or specific ability conclude that some specific stimulation should be introduced at an early age while a child is still malleable. The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies.
Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. Examine the Factors Affecting the Development of Landforms of Coastal Deposition Essay Sample.
Coastal environment is the dynamic interface between land and sea with many distinctive coastal landforms, given rise by a range of physical processes, including deposition.