problem of economy growth concerned with:
1. developed counties
2. developing countries
Answers
Answer:
America is a developed country and India is a developing country
Explanation:
America is a developed country and India is a developing country
Problems of economy growth concerned with developing countries.
Corruption, poverty, war, hunger, healthcare, education, safety. These are only a few of the problems faced by people in developing countries. Many of these problems are caused by exclusion, fear, intimidation, broken infrastructure, and lack of money, resources, access to information, and tools. Among the many ills that the less developed countries face, Infrastructure or the lack of it is one of the most prominent factors for poor economic growth. It is a vicious cycle as massive investments are needed to develop the infrastructure and poor countries cannot afford the same.
Problem of economy growth concerned with developed countries .
Political discourse nowadays takes by default that economic growth is a positive feature. This article discerns five common situations when lasting negative economic performance accompanies GDP growth. Growth has been fetishized for a long time, due to a set of factors, including class interests, psychology, history and mathematics. However, it becomes evident that the incessant and rapid growth of GDP is not only needless and/or negative but also impossible. The fundaments that propelled the exponential growth of modern economy are already used up. While the rich world confronts the challenge of de-growth, a high return on financial capital is still possible with a comprehensive global development policy. The middle echelon of countries like Bulgaria has to quickly abandon the catching-up attitude while aiming at a higher level of welfare perception beyond material increments.