Devoloping (Ethiopia)

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Dissertation Chapter 1

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Developing and developed country (Ethiopia)

USA

High standard of living.

level of wealth, comfort, material goods and necessities available to a certain socioeconomic class

Low corruption

many activities including bribery and embezzlement

Afghanistan

High population growth rate/size

The increase in a population that occurs when the birth rate is higher than the death rate

High rates of unemployment

large seasonal variations. However, unemployment is a more complex problem requiring policies beyond traditional fixes.

Dependence on primary sector

Almost 75% of the population of low-income countries is rurally based

Dependence on exports of primary commodities

Since a significant portion of output originates from the primary sector, a large portion of exports is also from the primary sector

Low per capita real income

Low per capita real income is one of the most defining characteristics of developing economies.