Developing Countries - Essay Example

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At the initial start of this written; there is needs to begin with making introduction of the key factor of the essay, which primarily focuses on Developing Countries. What is meant by developing countries and what are the features of these nations on the Economic basis.
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Developing Countries
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Download file to see previous pages They are also countries that facing problems of environmental issues, health, education, housing and many sectors of underdevelopment.
A developing nation, is that nation that have low standard of living, especially in the Economic, Political and social basis. A country where its people are getting low income, witnessing inflation, poverty and other features can be refer to as Developing nation. These countries can also be called 'Underdeveloped'.
An Economist (Gerard Chaliand) who wrote on Developing countries, where he defines what all about developing nations and their features states that "The economically underdeveloped countries of Asia, Africa, Oceania, and Latin America, considered as an entity with common characteristics, such as poverty, high birthrates, and economic dependence on the advanced countries".
Some features of developing nations include highly dependent on foreign goods. These sorts of countries always finding market for the finishing goods of developed nations. While in the developing nations most of the Industries are collapse not functioning, properly. As a result, they depend solely on importing goods from abroad for their people. There high rates of poverty in such countries, wide range of poverty and diseases and many other features.
Socially, the developing nations are found with high rates of...
Politically and economically, the features of the developing nations include social conflicts that in many of these countries continue to sabotaging their economies. Additionally, another feature of developing nations are those nations that always preferring their economy toward the betterment of Developed countries. Since we have read so far on the features of developing nations, even though in a nutshell, there is a need now to begin discussions on the main subject of the essay.
DEBTS CRISES IN DEVELOPING NATIONS
According to research conducted on the debt crises in the developing nations, its started dated back to 80s. (Seamus O'Cleireacain) (1990). explained when the crises of debts began in developing nations. He said "The crisis emerged over a weekend in mid- August 1982, when Mexico informed the United States and the International Monetary
Fund (IMF) that it was unable to meet its debt payments. Soon, the
crisis had engulfed other developing countries. It stalled forty years
of economic growth in the Third World, producing the worse recession
in Latin America since the 1930s. As the development process slowed,
education and child welfare were among the budget items slashed in
many countries, causing UNICEF to include the debt crisis among the
factors contributing to a slowing in the decline in infant mortality. 1
UNICEF estimated that the slowdown in development had cost the
lives of an additional half-million children, raising to fourteen million
the number of under five-year-olds who die every year. The debt crisis
also inflicted costs on developed country taxpayers and shareholders".

At this point, it is important to state that it is noted that the origin of debts problems in developing nations begun since ...Download file to see next pagesRead More
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