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How is Underdevelopment a Vicious Cycle?

Term Paper Number
898599408
Term Paper Description
How is Underdevelopment a Vicious Cycle?
Publish Year
2008
Academy
SSU
Course
Global Issues 2401-07
Number Of Pages
1
Number Of Words
352
Number Of Sources
1
Price
20 $ (USD)
Keywords
underdevelopment vicious cycle global issues economics poverty
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Paper Abstract

Why is underdevelopment a vicious cycle?

Underdevelopment has become a vicious cycle through a variety of factors. The most predominant of which being: a dual economy, low productivity, insufficient capital, and a lack of human services. These four interrelated, mutually reinforcing factors severely inhibit improvement in basic needs or economic growth in most low-income countries and communities.

In a dual economy, the upper-class live and eat well, while the lower-class live where they can and produce just enough of their own crops to live on and very little more.  It seems nothing can bring a change to this type of economy, not even industrialization.



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