1. World problems
  2. Economic underdevelopment

Economic underdevelopment

  • Underdeveloped economy
  • Low economic development

Nature

The economic underdevelopment of a country can be measured on its balance sheet and by its gross national product; but in human terms it is the standard of living (as measured by comparative per capita figures) and the vital statistics for birth, health and death, that show what poverty brings. Economic underdevelopment not only means that the health of the people is affected, but also that local education and training and the importation of technologies for increased productively cannot be paid for. Thus there is no way out; and underdevelopment continues, maintained by expensive loans and inappropriate technology transfers.

Incidence

Gross national product on a per capita basis in USA dollars show that in 1980, the high-income oil exporting countries of the United Arab Emirates, Kuwait and Saudi Arabia ranged from 27,000 to 11,000; and the industrial economies, market and non-market, from 16,000 to 4,000. Over thirty economically underdeveloped countries had GNPs of less than 500; another twenty of less than 1000. Switzerland, with the highest figures for a non-oil exporter, had $16,440; while the lowest was Bhutan with $80 per person.

Claim

Economic underdevelopment is a critical global issue that perpetuates poverty, inequality, and social unrest. It stifles potential, depriving millions of access to education, healthcare, and basic necessities. This systemic failure not only hinders individual growth but also destabilizes entire nations, leading to conflict and migration crises. Addressing economic underdevelopment is not just a moral imperative; it is essential for global stability and prosperity. We must prioritize sustainable solutions to uplift the most vulnerable and create a fairer world.This information has been generated by artificial intelligence.

Counter-claim

Economic underdevelopment is often overstated; it’s a natural phase in the evolution of societies. Many nations experience growth spurts that eventually lead to prosperity. Focusing excessively on underdevelopment distracts from more pressing global issues like climate change and technological advancement. Instead of fixating on economic disparities, we should encourage innovation and collaboration across borders. Ultimately, the world is dynamic, and underdevelopment will resolve itself as societies adapt and evolve.This information has been generated by artificial intelligence.

Broader

Narrower

Inadequate savings
Unpresentable

Aggravates

Aggravated by

Nepotism
Presentable
Factionalism
Yet to rate

Reduced by

Related

Economic apathy
Presentable
Capitalism
Presentable

Strategy

Value

Lowness
Yet to rate
Underdevelopment
Yet to rate
Undeveloped
Yet to rate

Reference

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #17: Partnerships to achieve the Goal

Metadata

Database
World problems
Type
(C) Cross-sectoral problems
Biological classification
N/A
Subject
  • Development » Development
  • Economics » Economic
  • Economics » Economy
  • Content quality
    Presentable
     Presentable
    Language
    English
    1A4N
    C0281
    DOCID
    11302810
    D7NID
    132843
    Last update
    Nov 22, 2022