Question

Describe any three features of development country

Answer 1

Developing (present progressive tense) countries have:

Strong social structure for law and justice,

A population willing to spend much less than it earns- yielding a current account surplus

A population without jealousy and/or envy of success

A population willing and able to accept and underwrite risks

A government structure trusted and responsive, and also prudent and conservative

A population willing to work hard at WHATEVER needs to be done

A population which respects learning, education and diversity- 18th Century Scotland for example.

I guarantee this population will be prosperous and successful in two generations; like Singapore, Taiwan, South Korea, the Baltics.

Answer 2

▪ High per capita income.
▪ High HDI (Human Development Index)
▪ Greater focus on economic growth rather than development.
▪ High standard of living.
▪ Most of the population has access to basic healthcare and education.
▪ High quality of life parameter — including freedom, equal opportunities etc.


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