because they borrowed money from other rich Countries
Because LEDCs are generally weaker than MEDCS so in a general term we are to see the weak rise compared to the strong, cause you cannot get stronger.
Being a less economically developed country (LEDC) does not necessarily mean that a country will always be poor. With the right policies, investments, and development strategies, LEDCs can improve their economic condition and standard of living over time. Many LEDCs have made progress in recent years in terms of economic growth and poverty reduction.
the development gap divides the richer (the richer north) and poorer (the poorer south) countries.
why is fair trade good for LEDCs
LEDCs are non-industrial nationsMedc's are industrialized nationsMEDC- MORE ECONOMICALLY DEVELOPED COUNTRIESLEDC- LESS ECONOMICALLY DEVELOPED COUNTRIES
ledcs ask medcs for money if they need it but over time, medcs charge more and more interest and so the ledcs can't pay it back. medcs also bargain for their resources so when the ledcs are left in debt, with no control over their resources, they end up in poverty.
A development gap refers to the disparities in economic and social progress between different regions, countries, or populations. It often highlights differences in income levels, access to education, healthcare, infrastructure, and technology. This gap can lead to unequal opportunities and outcomes, impacting overall quality of life and sustainable development. Addressing the development gap is crucial for fostering inclusive growth and reducing poverty.
Solutions for LEDCs (Less Economically Developed Countries) may include increasing access to education and healthcare, investing in infrastructure development, promoting sustainable agriculture practices, and fostering economic diversification to reduce dependency on a single industry. Additionally, promoting fair trade practices, improving governance and transparency, and providing access to clean water and sanitation can also contribute to the overall development of LEDCs.
Droughts tend to cause more damage to Less Economically Developed Countries (LEDCs) than More Economically Developed Countries (MEDCs) due to several factors. LEDCs often lack the infrastructure, technology, and resources needed for effective water management and drought mitigation, making them more vulnerable to water shortages. Additionally, many LEDCs rely heavily on agriculture for their economies and livelihoods, so prolonged droughts can lead to severe food insecurity and economic instability. In contrast, MEDCs typically have more diversified economies and better access to resources that can help mitigate the impacts of drought.
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Often it is the conflict that prevents these countries from developing their economies. Proper development can only occur in a relatively stable environment. Conflict puts off investors and causes migration (eg refugees) which does not enable economic growth and development to take place. Often conflict is over access to resources which means that the very thing that is needed for development is being fought over.
The development gap refers to the disparity in economic, social, and political progress between different countries or regions. It highlights the differences in income levels, access to education, healthcare, infrastructure, and overall quality of life. This gap often exists between developed nations and developing nations, affecting global equity and opportunities for growth. Addressing the development gap is crucial for fostering sustainable development and improving living standards worldwide.