Underdevelopment
Underdevelopment
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Summary of Underdevelopment
A condition in which a nation's per capita real income is significantly below that enjoyed in the industrialized world, and where national income is inadequate to provide the investment capital essential to expand the economy
. In addition, most underdeveloped nations have heavy dependence upon agriculture, with antiquated farming methods and low productivity; high birth rates; significant illiteracy; political instability and high levels of governmental corruption; only a few key export products, usually primary products or low-value manufactures; and limited industrial infrastructure (e.g., railroads, highways, and electrical generating and transmissions capacity). Most underdeveloped nations have coalesced into a loose bloc in order to stimulate a redistribution of wealth from the industrialized countries. This group is known commonly as the Third World (read this and related legal terms for further details).
See Group of Seventy-Seven.
(Main Author: William J. Miller)
Resources
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See Also
Including similar content viewed by others, in case you missed it:
Economic Development
Social development
Hierarchical Display of Underdevelopment
Economics > Economic conditions > Economic development
Economics > Economic policy > Economic policy > Development policy
Underdevelopment
Concept of Underdevelopment
See the dictionary definition of Underdevelopment.
Characteristics of Underdevelopment
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Underdevelopment
Spanish: Subdesarrollo
French: Sous-développement
German: Unterentwicklung
Italian: Sottosviluppo
Portuguese: Subdesenvolvimento
Polish: Zacofanie gospodarcze
Thesaurus of Underdevelopment
Economics > Economic conditions > Economic development > Underdevelopment
Economics > Economic policy > Economic policy > Development policy > Underdevelopment
See Also
Including similar content viewed by others, in case you missed it: