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Characteristics of underdevelopment
Date Posted:
5/8/2012 9:55:41 AM
Posted By: rodriguez mwalenga Membership Level: Silver Total Points: 110
lack the necessary technological know-how to fully exploit their resources. This is a result of inadequate education and training, insufficient research and dependency on inappropriate foreign technologies.
8. High unemployment rates
Developing countries experience problems of high unemployment rates. This is caused by the under-utilization of resources, high population growth rates and use of inappropriate technology.
9. Dual economies
In many developing countries there exists a modern commercialized industrial sector alongside a traditional subsistence sector. In the subsistence sector production is not intended for the market, but for the direct use of the producers. This is a drawback to rapid economic development.
10. Lack of skilled manpower
The majority of less developed countries suffer from lack of skilled manpower. This has been brought about by inappropriate education systems that have not been producing the relevant manpower for the economy. The problem of brain drain, whereby skilled manpower from developing countries is lured to the more developed countries by better employment terms.
11. Trade dependence
The underdeveloped countries mainly depend on the export of a few primary products. This is dangerous in case of a natural calamity.
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