What are the theories of underdevelopment?
According to dependency theory, underdevelopment is mainly caused by the peripheral position of affected countries in the world economy. Typically, underdeveloped countries offer cheap labour and raw materials on the world market.
What is the concept of underdevelopment?
Underdevelopment is low level of development characterized by low real per capita income, wide-spread poverty, lower level of literacy, low life expectancy and underutilisation of resources etc.
What are the three concepts of development?
In view of the fragmentation of Social Sciences and the theoretical gap existent in the distinct development approaches, three basic principles are commonly attributed to the concept: efficiency, equity and liberty.
What is underdeveloped mean?
Definition of underdeveloped 1 : not normally or adequately developed underdeveloped muscles underdeveloped film. 2 : having a relatively low economic level of industrial production and standard of living (as from lack of capital) underdeveloped nations.
What are the main features of underdevelopment?
What are the Important Features of India as an Underdeveloped Economy?
- Low Income:
- Predominance of Agriculture:
- Rapid Population Growth Rate and High Dependency Ratio:
- Mass Poverty:
- Unemployment and Underemployment:
- Inequality:
- Scarcity of Capital:
- Low Level of human Development:
What are the main causes of underdevelopment?
The causes of under development are varied and widespread. The literature lists a plethora of them; poverty, over-population, geography and climate, poor education and healthcare, international policies, war, migration and inequality, which by no means exhausts the list.
What are the causes of underdevelopment?
Unemployment; Poverty; child marriage; Injustice; High population growth rate; illiteracy; Corruption; High Dependence on Agriculture; Economic inequality; Corruption; Lack of structural, institutional and technical change.
What is meant by theories of development?
Development theory is a collection of theories about how desirable change in society is best achieved. Such theories draw on a variety of social science disciplines and approaches. Depending on which theory that is being looked at, there are different explanations to the process of development and their inequalities.