Why Poor Countries Are Poor

POOR COUNTRIES ARE POOR BECAUSE THEY ARE POOR Poor countries ar poor not because they ar poor but because they deficiency the essential resources which are significant for scotch growth and development. The African continent is considered as the poorest continent in the world. This is due to political instability which tends to scare away investors thus stunting economic growth of a country. Some of the reasons as to which developing countries are poor are; corrupt governments, low illiteracy levels, shogunate and many others. Poor countries are characterized by underdevelopment which includes; lack of plan of attack to job opportunities, healthcare, drinkable water, food education and housing. They have mismatched trade balance which results from their dependence upon primary products. These commodities are; In limited demand in the industrialized countries for example; tea, coffee, sugar, cocoa, bananas unguarded to replacement by synthetic substitutes like jute and cotton Are experiencing shrivel demand with the evolution of new technologies that require smaller quantities of rough materials. Governments of these developing countries have put in high barriers of trade.

senior high school tariffs prohibit countries from producing goods that they are most efficient in producing, and pinch them to provide such a wide variety of goods that they incur very efficient. This keeps nations poor because they cut themselves off from technology and go on low standard of living due to the lack of argument to produce high quality goods. High tariffs and quotas keep unknown imports expensive and protect domestic markets. While in scheme they protect a countrys workforce, barriers of trade very make countries worse off economically by preventing them from being active in international trade. If these nations would lower trade barriers, it would suffer them to import goods they do not efficiently produce and as a consequence, jobs and capital would be allocated to more... If you want to get a full essay, order it on our website: Orderessay

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