5 Characteristics Of Developing Countries


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5 Characteristics Of Developing Countries

  1. 1. 5 Characteristics of Developing Countries<br />The five most common traits found in Developing Nations <br />
  2. 2. Poverty is Widespread<br />What does “widespread” mean?<br />Food, water, shelter…<br />Education healthcare, clothing<br />
  3. 3. Def of “poverty”<br />BARELY able to satisfy their basic needs for food, clothing, shelter, education, health care, clean water....<br />They have to work long hours and do not eran enough money<br />
  4. 4. WHY???<br />The Cannot produce enough<br />Not enough job opportunity<br />Not enough skills, tool, machines.<br />
  5. 5. % of Families in Agriculture<br />What is “wrong” with Agriculture?<br />Fickle Mistress<br />Tenants<br />Tools<br />Hand to mouth<br />
  6. 6. The key number here is...<br />50-70<br />If 50-70% of your work force is working in Agriculture...you’re gonna have problems...BIG problems.<br />
  7. 7. Difficult conditions<br />Poor soil<br />Inconsistent rain<br />No irrigation<br />Insects and/or blight<br />Good some seasons...bad in others.<br />Results in food shortages...leading to famine.<br />
  8. 8. 3 types of farmers<br />Own Land – but small and poor quality<br />Tenant Farmers – Renting land<br />Day Laborers<br />Which would you rather be?<br />
  9. 9. Why is it so bad on the farm?<br />Handmade tools<br />Outdated tools<br />Animals instead of machines<br />Sick animals<br />Poor seeds<br />Produce only enough to feed themselves<br />
  10. 10. $$$<br />Low production means low income<br />Low income means low investments<br />Low investments means low production<br />I know!!! Let’s borrow money from someone!!! Bad idea – high interest rates and often times the gateway to a life of debt.<br />
  11. 11. Capital is Scarce<br />Physical<br />Human<br />Capital: what people use to increase their ability to produce the goods and services they need to improve their living conditions.<br />
  12. 12. Physical<br />Plows, warehouses, and irrigation systems<br />Tools, machines, and factories<br />Office buildings, copy machines, telephones<br />Ports, roads, trucks<br />
  13. 13. Human<br />The knowledge and skills that people use to produce goods and services.<br />How do you get it? Through training and education.<br />You can’t have one without the other.<br />
  14. 14. Imports are Limited<br />Imports and Exports work together.<br />If the Value of Exports is up...then the Value of Imports is up...and vice versa.<br />
  15. 15. What are things you export? <br />The things you produce that are LEFT OVER after to meet the local needs of your people.<br />D.N.’s tend to export Natural Resources. Gifts of Mother Nature.<br />
  16. 16. What are things you import?<br />Goods and services that they cannot produce themselves...or cannot produce enough of.<br />Food, energy, machinery, human capital, <br />
  17. 17. If the two are imbalanced?<br />You are in debt.<br />You can take out a loan.<br />I.N.’s are wary to lend to D.N.’s<br />The end result is a poor, country with low standards of living.<br />
  18. 18. Populations are growing Rapidly<br />The Perfect storm:<br />The introduction of Modern Medicine and old habits of ensuring the survival of a big family.<br />When you combine these two factors...the result is a rapidly growing population<br />
  19. 19. Puts a burden on the land<br />Need more:<br />Food<br />Education<br />Jobs<br />Healthcare<br />Water<br />DNs already have a limited number of these things to begin with!!!!<br />