Developed vs. developing nations

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Developed vs. developing nations

Developing Nation

Solution: A developing nation can help itself by the IMF. Even though they will go even deeper in debt, they will actually be able to propel themselves out of it and then some.

brain drain

Even if a developing country is blessed with smart inhabitants, they typically leave for other countries because those other countries offer better opportunities.

political instability

two groups with different ideas are fighting each other for control over the country, which is a deterrent for other nations from investing in them.

inadequate infrastructure

They do not have any roads, bridges, power plants, etc. Even if they do have them, they are not as useful and can break down easily.

one-crop economies

A one-crop economy is when a country relies on only one crop to bring in the money. The problem is that it crop could fail, which costs money they do not have.

limited resources

Developed nations pay for the natural resources, so the developing nation does not have any resources to use in their own country.

Developed Nation

Solution: A developed nation is already set, but it can become even better by taking out some of the jobs in foreign countries and back into the developed nation. Even though it will cost the business more money, it will increase employment and have more people spending.

technology

Technology allows the people to gain a better education that pays a better income. With a better education, the technology also increases, so it is a never endless positive cycle.

Birth rates

Choosing if and when to have a child in addition to having ways of preventing a baby. Also able to raise child.

gender equality

Females and males are given equal opportunities when it comes to education, employment, and community participation.

education

Access to schools and an array of different jobs that require different skill sets, allowing a person to study for as long as they want.

infrastructure

A developed nation has roads, bridges, power supplies, and other types of projects constructed to facilitate daily routines.