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The economic development of LDCs is both undesirable and unsustainable. Sophia Withers. Economic growth and standard of living Health and education Income per capita GDP per capita Infrastructure Capability of entrepreneurship . Economic Development. No economic development
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The economic development of LDCs is both undesirable and unsustainable Sophia Withers
Economic growth and standard of living • Health and education • Income per capita • GDP per capita • Infrastructure • Capability of entrepreneurship Economic Development
No economic development • Insufficient infrastructure and industrial capabilities • E.g. Chad, Mozambique LDC – Lesser-Developed Country
Decrease in unemployment • Increase in GDP per capita • Development in infrastructure (increase in tourism etc.) • Increase in life expectancy Positive Aspects for a LDC to economically develop
Alter the world’s economy • Require more resources • More attention when failure occurs • Lead to environmental issues Negative Aspects for a LDC to economically develop
Costs for extraction • Unsustainable harvests • More demand when the industry is still developing Sustainablity