Developing Countries Competing With Developed Countries

2379 words - 10 pages

Developing Countries Competing with Developed Countries

Discuss the alternative methods that developing countries might use to
overcome the difficulties that they have when trying to compete with
developed countries.

No industry attracted

Including Foreign Direct investment (FDI)

Economic development occurs when a country improves the economic
welfare of its population through, for example reducing poverty. Some
economists discuss the world as being the 'developed north' and
'underdeveloped south'. This refers to the gap between rich countries,
which are mainly in the northern hemisphere and poor countries, which
are located mainly in the southern hemisphere. This is not the only
method used to categorise countries, The World Bank and United Nations
classify countries into high, middle and low income countries while
the International Monetary Fund (IMF) categorises countries into least
developed, developing and industrial countries.

I believe that many underdeveloped countries are involved in the
'cycle of deprivation', which I have shown diagrammatically above. If
there is little investment in a country it is easy for a country to
get caught up in the cycle and make things worse for the economy. If
an LEDC (Less Economically Developed Countries) has little money
available the country will undoubtedly have a poor infrastructure,
this will act as a deterrent for industry to move to the area as the
transport and communication will be of poor quality and will cause
problems for firms. If little industry is attracted there will be no
jobs available and unemployment will soar. As described in more detail
below some Multi National Companies take advantage of the cheap labour
in LEDC's but as they pay very low wages very little is invested into
the economy and the majority of profits leave the country so there is
no significant increase in investment. If unemployment is high people
will turn to subsistence farming as they will need to produce food to
survive so the farmers will not be making any money and therefore will
not be investing in the economy. If there is little investment in the
economy there will be little money available for the government so
health, education and infrastructure will not improve and there is
little chance that the economy will develop without external
intervention as I will describe later.

Investment is the most effective way of pushing out the Production
possibility frontier (PPF) and causing economic growth so if
investment increases in the country this should hopefully mean
increased economic growth and increased development.

Manufactured

Goods

Agricultural Goods

If countries find it difficult to develop on their own their main
priorities are for example reducing poverty in the country. Therefore
underdeveloped countries will stand little chance of competing on the
global market.

Less Economically Developed Countries find it hard to compete in the
...

Find Another Essay On Developing Countries Competing with Developed Countries

Least Developed Countries Essay

751 words - 4 pages that the emissions can’t pollute as many of the resources. Justification of YOUR Country’s Position Support Your Country’s Views Why Does Your Country Act the Way It Does? Indonesia is a developing country in it’s self and knows what it’s like to be lacking in so many categories. List Specific Reasons for Your Country’s Behavior Indonesia often has problems with emissions from the latter 2 of the 4 BRIC countries. Possible Opposition

Industrialising Less Developed Countries Essay

2979 words - 12 pages This essay intends to address the argument that Less Developed Countries (LDCs) cannot achieve the level of development of the Developed Countries (DCs) unless they undergo a process of industrialisation. In proposing a case in favour of this argument the industrialisation experiences of the Latin American and Asian regions will be investigated, with specific regard to the role of state intervention throughout this process. Conclusions will be

Discuss whether natural disasters have a greater impact on developed countries than developing countries

1438 words - 6 pages thousand people. The average casualty per tornado was marginally over a hundred people. Some others believe that these natural disasters are more hazardous in developed countries, but this essay will prove that these disasters are also more detrimental to developing countries than they are in developed countries. In this essay I’ll be discussing both the physical effect and economical effect of these disasters in both developing and developed

Developing new countries

627 words - 3 pages There are differences in developed countries and developing countries. Developing countries are the lower class and middle class countries. These are the countries that have low income and are usually a poor country. The developed countries are the high income countries. There are a lot of factors to consider why these countries are the way they are. Fertility Transition is the decline of birthrates from high levels to low levels in a population

More Economically Developed Countries and Less Economically Developed Countries

851 words - 3 pages common for an LEDC to overpopulate, this is caused by rapidly growing population and not enough resources to cope with the increased population. MEDC have lots of resources in both types of population. It is the size of the population that causes worries for the MEDC countries, if the population is to large the resources will start to become depleted. Although the LEDC can support and provide for their people the essentials i.e. food, water

Poverty in Less Developed Countries

687 words - 3 pages Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world. Absolute poverty is where people don't have enough

Health Policy in Developed Countries

1191 words - 5 pages campaigns. American Nurse, 40(5), 15. Rufaro, R. C., & Tumusime, P. (2004). Primary health care: A review of its implementation in sub-Saharan Africa. Primary Health Care Research & Development, 5(4), 296-306. doi:http://dx.doi.org/10.1191/1463423604pc220oa Ssebunnya, J., Kigozi, F., & Ndyanabangi, S. (2012). Developing a national mental health policy: A case study from Uganda. Plos Medicine, 9(10), 1-4. doi:10.1371/journal.pmed.1001319 Zwi, A. B., & Mills, A. (1995). Health policy in less developed countries: Past trends and future directions. Journal of International Development, 7(3), 299-328.

Genetic Engineering and Developing Countries

2493 words - 10 pages is increasing each year by 86 million people and mostly in the poorest countries which will have to grow food on their existing land (Abelson 368). If these trends continue in developing countries the world can expect too see millions of starved and dying people. Developed countries, such as the United States, have a wide variety of foods with all of the proper nutrients needed to suitably feed the inhabitants, but less developed nations have

Mitigating Disasters in Developing Countries

2299 words - 9 pages their strong colonial powers; in fact, they are still governed with similar social, political, economical and cultural traits which up to today have a major influence on their social well-being. They rely relentlessly on these developed nations, hence the tardiness in their developmental process. One tend to get the feeling that there is some amount of inferiority among the citizens of developing countries as they have inherited what is termed

Foreign Aid in Developing Countries

1406 words - 6 pages countries that were provided with foreign aid and have institutions and…, the developed nations exhibit some development. By supplying corrupt and oppressive developing nations with millions of dollars; many Western governments exercise political irresponsibility. For example, “Mali farmers were forced to sell their crops at low-cost because of a bilateral project between the U.S. Agency of International Development and the Mali government.” (failure

Developing Countries and Clean Water

3139 words - 13 pages natural resources should be seen as prosperity, although it is taken for granted, every aspect of daily life revolves around the environment, forcing water conservation to be necessary for future on this planet. Many people grab a water bottle to go as they head to life as normal, others in developing countries spend their lives searching for water that is rarely found. Even if they do obtain water, it is seldom clean and usually comes with the

Similar Essays

Why Are Some Countries Called Developing Countries, And Some Developed Countries? This Essay Gives Facts About Developing Countries And Gives Differences Between Developing And Developed Countries

1486 words - 6 pages . These issues are very different in developed and developing countries. I'm also going to tell why these things are happening and how they could be improved.Probably the most important issue is starvation; the result of a serious, or total, lack of nutrients needed for the maintenance of life. First of all it is one of the few words in the English language with no synonyms.It is a word that stands alone. It should be fixed first. "Why?" You

Is Free Trade Equally Beneficial For Developed And Developing Countries?

2417 words - 10 pages only eight member states which are US, UK, Canada, Italy, Germany, Japan, France and Russia. However Group of 77(G77) is classified themselves as less developed countries therefore they have to tide together and deal with the unfair treatment from the developed countries (UNCTAD 2014). Often free trade agreements put developing countries in an unfavourable situation or even forced to be participated in the multilateral free trade. The reason for

Developing Health Policies In Developed And Undeveloped Countries

1009 words - 4 pages different nations of the world are going to meet the future health systems challenge. The authors admit that particularly in developed countries health allocation may be unavoidable, and on some level, all nations have to decide who lives and who dies with the implementation of a universal health care policy (Johnson & Stoskopf, 2008, p. 45). Developing the national community health assistant strategy in Zambia: a policy analysis In an attempt

Distance Education Institutions In Developed And Developing Countries

1899 words - 8 pages learning strategies in technology in order to keep up with the incredibly fast changing technological advances. One of the distinct differences in DE practice supported in all of the readings of these two universities is motivational factors. The motivation for students in developed countries is to improve and obtain better jobs and advance themselves, or personal satisfaction. While in contrast, the motivation of students in undeveloped or under