They are both of extreme importance as no country has yet managed to maintain one without the other for long.
Development economics is a branch of economics which deals with economic aspects of the development process in low-income countries. In other words, abranch of economics that focuses on improving the economies of developing countries. Development economics considers how to promote economic growth in such countries by improving factors like health, education, working conditions, domestic and international policies and market conditions. It examines both macroeconomic and microeconomic factors relating to the structure of a developing economy and how that economy can create effective domestic and international growth. Development economics seeks to determine how poor countries can be transformed into prosperous ones. Strategies for transforming a developing economy tend to be unique, because the social and political background of countries can vary dramatically. Some prominent development economists include Jeffrey Sachs, Hernando de SotoPolar, and Nobel laureates Simon Kuznets, Amartya Sen and Joseph Stiglitz.
it will help us work with the other people of other countries
The most important factor is economic and political stability. It is important to review the country's stability over the preceding few years.
The most important includes quick economic development at the expense of human rights and political freedoms.
Developing countries have realized enormous economic benefits from international trade, but the benefits have often been squandered due to government corruption, inadequate legal structures, political upheaval, and failure to use the increased wealth to develop sustainable internal social and economic activity.
I think political parties are important, especially because they are the ones developing policies and programs.
Developing countries differ from developed countries in terms of their economic, social, and political development. Developing countries often face challenges such as poverty, inadequate infrastructure, limited access to education and healthcare, and political instability. These factors contribute to disparities in income, living standards, and overall quality of life between developing and developed nations.
Developing countries face challenges due to factors such as limited access to education, healthcare, and technology, as well as political instability, high poverty levels, and inadequate infrastructure. These challenges can hinder economic growth and social development in these countries.
It is important to understand the social development in third world countries because much of the political unrest in third world countries is the product of social and economic disparties.
They are more likely to get it there since those countries need publicity and recognition more from chance to participate in political arena with more important countries.
They are a lot of problems faced with developing countries namely: - Poor infrasture set up such as roads, schools and hospitals, housing, without these mentioned basics one can not expect development and in developing countries it is the order of the day. - Most developing countries are faced with corruption, that even the little they have they dont apply it to the development of the Country and hence a set back - income inequality has hit most developing countries, where the poor have remained poor and the rich have reamined rich. - Most developing Countries are war mongers and they end up spending a lot of time fighting and forget the development of the country.( Poor politics) - Once the country is facing a Political crisis, it is difficult to convince they investors to invest in your country for fear of their secuirty. - Lack of employment, after struggling with school dues and graduating with a degree , you find yourself walking on the streets looking for employment.
A. H. Somjee has written: 'The democratic process in a developing society' -- subject(s): Political participation 'Parallels and actuals of political development' -- subject(s): Politics and government, Social conditions, Political development 'Political capacity in developing societies' -- subject(s): Politics and government, Underdeveloped areas, Political participation 'Voting-behaviour in an Indian village' -- subject(s): Voting, Elections 'Politics of a periurban community in India' -- subject(s): Case studies, Villages, Local government 'Political society in developing countries' -- subject(s): Politics and government, Liberalism
Developing nations face obstacles such as lack of infrastructure, limited access to quality education and healthcare, political instability, corruption, poverty, and environmental challenges. These obstacles can hinder economic growth and development in these countries.
Developing countries may struggle with planning due to factors such as limited resources, inadequate infrastructure, political instability, and lack of expertise. Additionally, competing priorities, corruption, and dependency on external aid can also hinder effective planning processes in these countries.
Mostly political policies are found to be liberal for business organisation because business organisation helps in accelerating the economic development of a country. Nowadays governments of developing countries are giving liberal policies like relaxation in taxes for impressing business organisation to invest in their countries.
Africa is generally considered a continent with many developing countries due to challenges such as poverty, political instability, and limited access to essential services like education and healthcare.
Poor infrastructure set up such as roads, schools and hospitals, housing, without these mentioned basics one can not expect development and in developing countries it is the order of the day. Most developing countries are faced with corruption, that even the little they have they don't apply it to the development of the Country and hence a set back income inequality has hit most developing countries, where the poor have remained poor and the rich have remained rich. Most developing Countries are war mongers and they end up spending a lot of time fighting and forget the development of the country.( Poor politics) Once the country is facing a Political crisis, it is difficult to convince they investors to invest in your country for fear of their security. Lack of employment, after struggling with school dues and graduating with a degree , you find yourself walking on the streets looking for employment.