Why some countries have developed and are not and have not Essay

Why some countries have developed and are not and have not - Essay ExampleIn practice, economic festering focuses on get-go line of economic operation in a region, expansion as well as retention and starting of new business within a region.Countries across the world can be divided into dickens groups developed and exploitation countries. United Nations does not give any definition for developed or developing country. But there are some parameters which are used to divide the countries into two different groups. The result why some countries are developed and why some are not is a astray discussed topic among the economists around the world. Scholars have expressed divergent views about the reasons for development and underdevelopment. We should not forget the particular that there is no single factor for development or underdevelopment but it is interplay of various factors. There is a huge disparity in the living standards in the developed and developing countries.It is est imated that around one one thousand thousand people i.e. one fifth of the world population earns less than $1.00 a day. UN World Development brood 1998 says the aggregate Gross Domestic Products of the worlds 48 poorest countries is less than combined assets of worlds three richest people. correspond to Forbes Magazines, combined net worth of 358 billionaires is equal to the aggregate income of the bottom 45% of the worlds population. It is as well estimated that due to starvation or preventable infections disease around 35,000 children under the age of five die off every day. The problems of poverty, growing inequality and hunger are becoming worse despite huge worldwide economic growth over the past 50 years. So it is very important to analyze reasons for development and underdevelopment.Research is a human activity based on intellectual investigation and aimed at discovering, interpreting, as well as predicting the different aspects of study. To analyze the causes for devel opment and under development is slightly difficult as the scholars have given different reasons for it.