Scribd
Upload
17 views10 pages

Ib Presentation

A developing economy is characterized by ongoing industrialization and economic growth, facing challenges like low GDP per capita, high poverty rates, and poor infrastructure. Key indicators of development include GDP, literacy rates, employment levels, and healthcare quality. To transition to a developed country, actions such as economic growth, education, infrastructure development, and governance improvement are essential.

Uploaded by

22bba071
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
17 views10 pages

Ib Presentation

A developing economy is characterized by ongoing industrialization and economic growth, facing challenges like low GDP per capita, high poverty rates, and poor infrastructure. Key indicators of development include GDP, literacy rates, employment levels, and healthcare quality. To transition to a developed country, actions such as economic growth, education, infrastructure development, and governance improvement are essential.

Uploaded by

22bba071
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 10

DEVELOPING

ECONOMY
RAHUL.V
GNANESH.C
KIRAN.M
SYED ARBAZ
DEFINITION
A developing economy refers to a
country or region that is in the process of
industrialization and economic growth but
still faces challenges in terms of
infrastructure, income levels, and quality
of life compared to more advanced
economies. These economies typically
have lower GDP per capita, less
diversified industries, and may rely
heavily on agriculture or resource
extraction.
DETERMINING DEVELOPMENT
*Gross Domestic Product (GDP) Literacy Rates Human Development Index (HDI)
Measures the total
value of goods and High literacy rates reflect A composite measure that includes
services produced in a good educational systems, life expectancy (health), education
country. Higher GDP which are key to individual level (access to schooling and
often indicates a more and national development. knowledge), and per capita income
developed economy
Technological Development:
Employment Rates Healthcare:
The quality and High levels of technological
High employment levels and accessibility of healthcare advancement and
job creation are indicators of a services, measured by innovation, reflected in
thriving economy. things like infant mortality industries like IT,
rates and access to medical communication, and
care, reflect a nation’s manufacturing, are strong
social development. signs of development.
CHARACTERISTICS
1. Lower GDP per Capita: 2. High Poverty Rates: High Population Growth

There is often a large gap Developing countries tend


per capita is relatively low to have high population
in developing countries, between the rich and poor,
with many people growth rates, putting
indicating lower average additional pressure on
income levels. This often struggling to meet basic
needs like food, healthcare, resources such as food,
results in poorer living healthcare, education, and
standards compared to and shelter.
employment
more industrialized
nations. Limited Industrialization:

The economies of developing countries are usually


less industrialized and rely heavily on
agriculture, raw material extraction, or low-cost
manufacturing. The shift from agriculture to
industry is still ongoing in many developing
nations.
Poor Infrastructure: Education Levels:

Infrastructure such as roads, Educational systems may be underfunded


healthcare facilities, electricity, or inefficient, leading to lower literacy
water supply, sanitation, and rates and limited access to quality
communication networks may be education. This impacts human capital
underdeveloped or limited in rural development and economic growth, as
areas. Poor infrastructure hampers education is a key driver of productivity
economic development and the and innovation.
quality of life for citizens.
High Levels of Unemployment Weak Political and Legal Systems

Unemployment rates are often Many developing countries have weak


high, particularly among youth. In political systems, with corruption, poor
addition, a large portion of the governance, and inefficient legal
labor force may be structures. This can lead to political
underemployed, working in low- instability, lack of law enforcement,
wage, informal, or seasonal jobs and challenges in maintaining
without job security or benefits. democratic processes.
CHALLENGES
1. Poverty and Inequality

2. Unemployment and Underemployment:

3. Poor Education and Skill Development:

4. Weak Healthcare Systems:

5. Corruption and Governance Issues:

6. Inadequate Infrastructure:

7. Limited Access to Technology and Innovation:


ACTIONS TO BECOME DEVELOPED COUNTRY

1. Economic Growth and Industrialization

2. Education and Skill Development

3. Infrastructure Development

4. Healthcare and Social Welfare

5. Governance and Political Stability

6. Technological Advancement and Innovation

7. Trade and Global Integration

8. Sustainable Development and Environmental Protection

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy