What are three of the major problems that least developed nations face?

Answer 1

Developing economies are these economies which have not reach mass consumption stage of growth. such economies includes; African countries like Uganda, Chad,Ivory Coast , South American countries like Valenzuela, Honduras and Chile in Asian, countries like Vietnam, Yemen, Afghanistan, Syria,and Palestine.

these developing economies are characterize by;low industrial development, dominants of subsistence production,use of indigenous tools like hand hoes for framing, existences of strong cultural ties and believes and the presents of high population growth rates.

therefore, developing economies are faced with the following problems as discuss below;

first, developing economies have very poor economic policy such as policies to control inflation and unemployment. for instances, in Uganda money is printed when the government wants t use the money in fulfilling her needs, this was true during Amins time whereas, at the present there is no policies being implemented by the government to control unemployment in the country, this therefore leaves the country's resources under utilized.

secondly, the poor education systems within the developing economies leaves the developing countries in great deal of problems. for instances, in Uganda and Kenya still follows the British old system of education which is not even used in Britain yet these kind of educational system teachers students and university leavers more theories than practical lesson that could help to cause development within the country. example, most engineers of Uganda are more theoretical knowledge of handling construction works and mechanic because the system of education trains them to be job seekers and not job makers that would help to create more employment for the people so as to make the acquire he basic needs of live.

thirdly, the poor political climate in the less developing economies keeps this countries in problems such has low production, high inflation rates, unemployment and poverty. this is because most of the government officials are corrupt and the existences of coups and civil wars leaves the country in poor stage of economic growth and development. for example, in Zimbabwe 2009 there was a very high inflation within the country,disease know has cholera stack the country and killed almost 2000 people. this was because of the poor governance within the country

other problems includes;poverty, unemployment, poor technology/production methods used by the developing economies, high illiteracy rates, high population growth rates thus increasing the dependency rates within families, damping by the developed economics which kills the initiative to develop and expand local industries within the developing economies, high rates of profit repartriation by foreign investors within the developin economies,dependency on the developed world, high level of deficit financing by the developing economies which worsten their balances of payment postion, and poor terms of trade in the world market since most developing economies produces raw materials instate of finished products which earns a value added