The success of this aid has raised optimism for the underdeveloped countries to possibly lift themselves out of poverty thanks to external assistance (Aime 2010). ... Another noteworthy benefit of ODA is that in the start-up period of economic growth, the insufficiency of export earnings and deficiency of labour skills have been the constant problems that the underdeveloped nations have to fight with. ... After decades of continuous aid inflows, there have been some countries that successfully graduated from Low Income Countries (LICs) and aid dependency status to become economically mature (A...

• Word Count: 2127
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Such underdeveloped countries are plagued with the necessity of adhering to the dictates of the semi-globalized economy of the world and forces out side their control play a major factor in influencing policies at home. ... Society It is but natural that the economy of a country has a deep impact on its social structure. ... To deal with situation such as this, many government of the underdeveloped nations have resolved to hear the advice of international forums such as the World Bank and Group of 8 developed countries; this means the introduction on non-state actors in the social senario....

• Word Count: 1345
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Actually, there are also some other African countries sharing the same situation or even worse. Due to the similarity in the developing process of Ghana and those African countries, if a solution for Ghana's economic hardship is found, it may also be applied to the African countries that are facing the same problem. ... First, Ghana's underdeveloped economy today can be greatly attributed to the regionally skewed distribution of colonial development. ... Also, the drastic difference in modernization between these two regions brings great difficulty to the country, for the more modern...

• Word Count: 1713
• Approx Pages: 7
• Grade Level: Undergraduate

A Eurocentric blueprint was prescribed to underdeveloped and developing states and that this was what was required for development. Although it may not account for everything, the "modern hand" had a very tight grip on the country's development over the course of time. ... Revolutionist activities spread out from the heartland to different parts of the country. ... This paved the way for him, his wife, and so called crony capitalists to control and manipulate the country's enterprises. ... The country's economic struggles may ultimately lead to a successful so-called ...

• Word Count: 1456
• Approx Pages: 6
• Grade Level: Undergraduate