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Economic Geography - Essay Example

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It does not look into the economic growth, but rather the well-being of individuals. Underdevelopment is the state of failing to utilize resources appropriately, such that…
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Economic Geography
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Download file to see previous pages These include corruption of state officials, poor management of resources, and over dependence on foreign aid, poor government policies, lack of proper education, and lack of good infrastructure. These factors, summed up with the global epidemics of global warming and climate change, lead to underdevelopment in a country.
Corruption among state officials is a common phenomenon in many underdeveloped and poor countries. This was the case in Kenya’s Goldenberg Saga in which tax payers’ money was squandered in the name of trading gold and other precious stones. The power that these masterminds possess is derived from their money. These corrupt officials never got any legal punishment. The corrupt officials also fail to deploy development funds to the regions that require them, and instead pocket the biggest portions of it. The result of this greed is the lack of development in the deprived regions and the eventual poverty of the people living in these areas.
Another cause of poverty and underdevelopment is the poor management of natural resources and their under-utilization. These resources include earth minerals, water bodies, agricultural land, and sources of energy. There is no much effort in tapping natural resources and using them for development. A case in check is solar power. It was hardly tapped in large amounts to power massive utilities. Instead, underdeveloped countries depended on imported petroleum products for fuel. Oil is expensive and one cannot renew it once it is used up, unlike the natural and cheap solar energy and wind energy. Agricultural land is also not utilized to its fullest. Instead, people are abandoning it and going to look for jobs in the cities, and yet these countries have no food security.
Poor government policies are also another reason for underdevelopment. These poor policies fail to address the issues affecting underdeveloped countries. They include misplaced financial ...Download file to see next pages Read More
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