1. The Major Causes of Underdevelopment!
In all these countries, almost all the resources are being use to feed the population and therefore very little resources are left for Economic developments. ... This means that foreign aid in the form of food aid, financial aid, and technological aid are transferred from rich to poor nations. However, as all the aid is concentrated in the hand of government, very often it is used directly to serve the vested interest of political leaders. ... Many countries which took loans from IMF and the World Bank are unable to repay back their loans and find themselves caught up in the vicious circle ...
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- Approx Pages: 3
- Grade Level: Undergraduate