What Extent the Developing Countries Depend on the Industrial Countries for Economic Growth and Development
WHAT EXTENT THE DEVELOPING COUNTRIES DEPEND ON THE INDUSTRIAL COUNTRIES FOR ECONOMIC GROWTH AND DEVELOPMENT.
A developing country, also called a less-developed country (LDC), is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries. Meanwhile, an industrial country also known as developed country or "more developed country" (MDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. Most commonly the criteria for evaluating the degree of economic development are gross domestic product (GDP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.
There are lots of arguments about should developed countries help developing countries? Some scholar thinks that developed countries have responsibility to help developing countries, meanwhile some things that it is not necessary.
"The economic recovery remains fragile and uncertain, clouding the prospect for rapid improvement and a return to more robust economic growth," said World Bank Group President Jim Yong Kim. "Developing countries have remained remarkably resilient thus far. But we can't wait for a return to growth in the high-income countries, so we have to continue to support developing countries in making investments in infrastructure, in health, in education. This will set the stage for the stronger growth that we know that they can achieve in the future.”
To help developing countries help themselves, developed nations must begin to lift the burdens they impose on the poor. Currently, the developed world uses international trade agreements to impose costly and onerous obligations on poor countries. The most egregious example has been the WTO’s intellectual property agreement, the Trade-Related Aspects of Intellectual Property Rights (trips).
Almost all successful cases of development
A developing country, also called a less-developed country (LDC), is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries. Meanwhile, an industrial country also known as developed country or "more developed country" (MDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. Most commonly the criteria for evaluating the degree of economic development are gross domestic product (GDP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.
There are lots of arguments about should developed countries help developing countries? Some scholar thinks that developed countries have responsibility to help developing countries, meanwhile some things that it is not necessary.
"The economic recovery remains fragile and uncertain, clouding the prospect for rapid improvement and a return to more robust economic growth," said World Bank Group President Jim Yong Kim. "Developing countries have remained remarkably resilient thus far. But we can't wait for a return to growth in the high-income countries, so we have to continue to support developing countries in making investments in infrastructure, in health, in education. This will set the stage for the stronger growth that we know that they can achieve in the future.”
To help developing countries help themselves, developed nations must begin to lift the burdens they impose on the poor. Currently, the developed world uses international trade agreements to impose costly and onerous obligations on poor countries. The most egregious example has been the WTO’s intellectual property agreement, the Trade-Related Aspects of Intellectual Property Rights (trips).
Almost all successful cases of development