countries typically suffer from one or more, what he calls, “development traps” that hinder a country and governments ability to properly develop in unique and specific ways, and the goal of his work is to figure out a way around these traps. One such trap is the Resource Trap. I will examine the scholarship behind the Resource Trap and display how natural resources have the potential to be incredibly beneficial to a nations development or…
profits. The other aspect of modernization theory argues that countries should industrialize as much as possible and move away from agriculture production (IR, 2014). Today, modernization theory focuses on the social elements that help progress the development of societies and aim to explain the process of social evolution. “This theory looks at the internal functions of a society while referring to social and…
One of the UK’s international development programmes for countries like Kenya is to tackle extreme poverty sustainably. High levels of corruption and impunity by our leaders has constrained Kenya’s potential to develop rapidly and bridge the existing economic gap. In 2014, for instance, Transparency International ranked Kenya at number 145 out of 175 on the Corruption Perception Index. The main areas that need urgent reviewing to steer the economy of my country in the right direction are proper…
world. However, the severity of such claim is seemingly dependent upon a country’s overall development. This paper will discuss the link between women participation in politics and a country’s overall economic success. This study investigates two African countries that each share a similar gross domestic product (GDP). These countries are Kenya and Ethiopia. A country with a high GDP and or economic development will produce favorable gains in women participation while the lacking country will…
care about inequality,” this has been proven to be true by the hundreds of gender equality groups and movements that have become more apparent around the globe. There is a positive correlation between levels of equality in a country and levels of development. A perfect example of this correlation would be the equality and developmental levels in Yemen. Most recent data collected by ____ shows that only 49% of Yemeni women are literate compared to the 82% of Yemeni men, 0% of Yemeni women in…
country is a nation with a low standard of living, a low Human Development Index (HDI) and undeveloped industrial base relative to other countries. The factors of defining a developed country involves people have short and unhealthy life, people have less education and less income. It is commonly assumed that economic development plays an important role and has a significant positive effect in developing countries. The economic development of developing countries is most important route out of…
macroeconomic stability, which is increasingly recognized as a critical ingredient for sustained growth and poverty reduction.” Fiscal responsibility can also mobilize domestic savings, increase the efficiency of resource allocation, and help meet development goals. The IFAD goes on to say, “As private sector savings are often low in developing (especially low-income) countries, fiscal policy can play a central role in mobilizing resources by raising…
Population Growth Population growth rate on Earth is increasing exponentially; in fact, it is believed that the population will increase to more than 9 billion people by the middle of the century (United States Census Bureau, 2016). This is an unimaginable increase from the two and a half billion souls Earth had just in 1950 alone (Population Institute, 2016). The impact has raised serious concerns for the planet and it sustainability. The population increases in both developed countries and…
Development takes many different meanings, forms, and approaches. Some of these include modernity, authoritative intervention, alternative and populist approaches, and antidevelopment and post development. ` Modernity is about changing traditional nations to fit the standards of Western ideals (Potter et al., pp.6). These nations were seen as uncivilized. Much of the western ideals and standards for development were set by the period of enlightenment and scientific advances. This form is…
that human development and poverty as core topics in economics and development and therefore many studies have been done in the past in the area both in academics and at the policy level. To develop a background upon which the findings can be discussed and understood, therefore requires focus on three key areas; the theory and knowledge of human development and poverty, trends in human development and poverty across the world and policies that have been applied in addressing human development…