Lesser Developed Countries - 1028 Words

Paul Collier is the author of The Bottom Billion a 2007 book about Lesser Developed Countries (LDCs) and why they struggle to progress despite vast amounts of foreign aid. Collier makes the argument that while much of LDCs are becoming wealthier, this isn’t the case in Africa and Central Asia who is stuck due to four development traps. Seventy percent of the bottom billion is in Africa. According to Collier, the first trap is the conflict trap. He claims that 73% in the bottom billion are in or have been in a war like conflict, almost always an internal civil war. Countries with high rates of poverty are more likely to break out in civil war and the war itself lowers incomes, therefore perpetuating the problem. This is partly due to the large amount of available young men who are out of work and ready for a rebellion and due to the weakness of the state, this becomes quite easy. The longer a country is at war, more actors become involved due to the potential of profiting of i t. A civil war also increases the risk of future conflicts and according to Collier it is development in reverse. Economic loss and disease do not stop when the fighting does. Furthermore, during conflict, political rights disappear and almost all of the world’s hard drugs come from these areas due to little law enforcement. Low income, slow growth, and commodity export dependence make up the top three attributes of a high civil war risk country, which is hard to live down after it begins, sinceShow MoreRelatedThe Negative Impact of Multinational Corporations on Lesser-Developed Countries (LDCs)1188 Words   |  5 Pagesthings such as cheap labour. (Vander Stichele 1998) This can be seen in the form of sweat shops or child labour in the developing world, which Nike was notorious for. Companies like Nike and Gap argue that they provide jobs for people in developing countries, who wouldnt have a chance of finding work otherwise, and give under privileged people an opportunity to have some income compared to nothing. Although they are providing jobs for people in the third world, it is immoral and cruel because of theRead MoreEssay on Global Economy And The Environment946 Words   |  4 Pagesmultinational corporation (MNC). When this type of development occurs, the host countries are usually the ones that become the immediate stake holders. This is because when a MNC sets its foot into a host country, there are economic, political, social and environmental impacts that result from their corporate actions. In many cases, it is certainly possible that it can end up in a win-win situation, if the host country and the MNCUs both work mutually. However there have been unfortunate examplesRead MorePositive And Negative Consequences Of Globalization1529 Words   |  7 Pagesbe aware of the positive and the negative stance that globalization takes. Also there should be awareness in the policies that have arose based on globalization. Sachs, mentions that there is no singular remedy that servers every country equally because different countries are presented with different factors in their illnesses. However, everyone can agree that there is a basis for sustainable development, which is economic development, social inclusion, environmental sustainability and good governanceRead MoreThe Technological Revolution Essay808 Words   |  4 Pagesmail, now takes seconds over the Internet. But just like any revolution there are social consequences, especially when the revolution takes place around the globe. 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In 1521, Ferdinand Magellan sailed to theRead MoreUrbanization Is A Necessary Process For A Country1551 Words   |  7 PagesIntroduction Urbanization is a necessary process for countries to develop, this process is a process which require time and great amounts of money, which can lead to a number of different problems during and after completion of this stage. A lot of factors play roles that lead to inequalities amongst the citizens. This paper looks at challenges that can reside in poor urban residents, identifies causes and also highlights ways in which that can be used reduces them. Urbanization Urbanization