Chat with AIExam 2: Comparative Economic Development
Explain how low levels of living can turn into a vicious cycle in developing countries.
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Answered by Examlex AI CopilotLow levels of living can turn into a vicious cycle in developing countries for several reasons. Firstly, when people are living in poverty, they often lack access to education and healthcare, which can perpetuate the cycle of poverty. Without education, individuals are unable to secure well-paying jobs, and without access to healthcare, they are more susceptible to illness and disease, further limiting their ability to work and provide for themselves and their families.
Additionally, low levels of living can lead to inadequate infrastructure and limited access to clean water and sanitation, which can contribute to poor health and living conditions. This, in turn, can lead to a lack of productivity and economic growth in the community, further perpetuating the cycle of poverty.
Furthermore, low levels of living can also lead to social and political instability, as people become increasingly desperate and marginalized. This can lead to conflict and violence, which can further hinder economic development and perpetuate the cycle of poverty.
Overall, the combination of limited access to education, healthcare, infrastructure, and social and political instability can create a vicious cycle of poverty in developing countries, making it difficult for individuals and communities to break free from low levels of living.
About how many people lack access to basic sanitation?
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VerifiedE
In what way(s) do the development paths chosen by Pakistan and Bangladesh differ? What are the main factors that have contributed to these differing paths?
(40) VerifiedThe key differences are the aspects of economic development The case study at the end of the chapter provides comparative figures for the two countries and the main factors contributing to the divergent paths.
The 2006 Human Development Report reported that the HDI of South Africa was 0.653 (and its rank was 121) and that of the Peru was 0.767 (and its rank was 82).South Africa's per capita income
(in PPP dollars) was 11,192 and that of Peru was 5,678.Comment and explain.
(37) Which of the following is not an indicator that is used to compute the Human Development Index?
(33) What are remittances and what role do they in developing countries? How could this potentially benefit an economy?
What percent of the world's nations have at least five significant ethnic populations?
(29) Carefully explain some of the similar problems faced by otherwise diverse countries in Africa, Asia, and Latin America.
(36) If countries are first ranked by level of real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain.
(37) Which measure uses a common set of international prices for all goods and services produced?
(31) Conditions of today's developed countries at the start of their industrialization differ from conditions in the developing world in that
(43) Explain why purchasing power parity measures of income levels tend to show a smaller difference between poor and rich countries.
(37) Are living standards in developed and developing countries converging? Give evidence to support your answer.
(41) Why might the use of more advanced technology not be a sufficient condition for sustained economic growth?
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