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.Dec 11, 2015
What is underdevelopment and its causes?
Underdevelopment refers to the low level of development characterized by low real per capita income, widespread poverty, lower level of literacy, low life expectancy, and underutilization of resources, etc. An underdeveloped economy fails to provide acceptable levels of living to a large fraction of its population.
What is underdevelopment and its features?
Underdevelopment is the state in which full realization of development in a country has not been attained either due to lack of resources or under-utilization of the available resources. The affected country portrays the following characteristics: 1. Low per capita income.
Who gave the concept of development of underdevelopment?
The phrase, “the development of underdevelopment,” has always been associated with Andre Gunder Frank ever since he published the widely cited article in Monthly Review with this title more than forty years ago.
What are the main features of underdevelopment?
Characteristics of Underdeveloped Economies
- Low Per Capita Income.
- Slow Growth Rate of Per Capita Income.
- Economic Inequalities.
- Low Level of Living.
- Low Rate of Capital Formation.
- Backward Techniques of Production.
- High Growth Rate of Population and Dependency Burden.
- Low Productivity of Labour.
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 underdevelopment in sociology?
under-development A term associated with dependency theory and used to describe the condition of poverty and economic stagnation characteristic of many Third World societies.
What are the 10 causes of underdevelopment?
Causes of Underdevelopment in Africa
- Corruption. One of the biggest problems in Africa today is corruption. …
- Poor government policies. …
- Unemployment. …
- Insufficient infrastructure. …
- High Levels of Illiteracy. …
- Unfavourable business conditions. …
- Insufficient Skilled Labour. …
- Poor Public Project Supervision.
What are the causes of underdevelopment in developing countries?
Causes of under Development
- (i) Capital Deficiency: …
- (ii) Lack of Entrepreneurial and Managerial Talent: …
- (iii) Lack of Skilled Personnel and Technical Know-how: …
- (iv) Limited Size of the Market: …
- (v) Weak Infrastructure: …
- (vi) Social and Institutional Set-up: …
- (vii) Alien Rule: …
- (viii) Growing Population:
What is perpetuation of underdevelopment?
According to this school of thought perpetuation of underdevelopment in the poor developed countries cannot be fully understood without analysing how they came to be conditioned and dominated by colonialism which emerged on world scene as a product of world capitalism.
Which index are used in concept of HDI?
The Human Development Index (HDI) is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which are used to rank countries into four tiers of human development.
Where is the Third World?
The term Third World was originally coined in times of the Cold War to distinguish those nations that are neither aligned with the West (NATO) nor with the East, the Communist bloc. Today the term is often used to describe the developing countries of Africa, Asia, Latin America, and Australia/Oceania.