Question

India is progressing in the world . Write essay for about 1300 words

Answer 1

International Development in Developing Countries “…increasing international trade and financial flows since the Second World War have fostered sustained economic growth over the long term in the world’s high-income states. Some with idle incomes have prospered as well, but low-income economies generally have not made significant gains. The growing world economy has not produced balanced, healthy economic growth in the poorer states. Instead, the cycle of underdevelopment more aptly describes their plight. In the context of weak economies, the negative effects of international trade and foreign investments have been devastating. Issues of trade and currency values preoccupy the economic policies of states with low-income economies Incomes are low and increase very slowly compared to developing countries, usually around 7-14% over a time span of about 5 – 10 years1. Insufficient capital poses problems because of low wealth in infrastructure and capital. Lastly the lack of “human capital”, or the personnel to fill various positions in a country that holds importance when promoting development. This can be due to lack of professional services such as schooling and medicine. Without sufficient educational and employment opportunities, the middle class in an under developing country remains very small, leaving the gap between high and low classes too large.
After revealing how all countries are categorized through GNP and the evaluation of development. The chapter than moves on to discuss some of the underlying causes that may have started some countries on their way to underdevelopment. 
Colonial Rulers in the 1800’s initiated some problems than, that developing countries face today. Colonial empires of European states (especially Britain and France, but also Belgium, the Netherlands, and Portugal) covered much of the world, influencing trade in ways beneficial to their wealth and distribution