3. Measures of development allow rich and poor countries to be identified, but they do not explain why little economic development has occurred in South America, Africa and Asia. Why should LEDCs be concentrated in just 3 continents? Why are there more than 1 billion people living in absolute poverty (surviving on less than 2 dollars per day)?
4. Human Factors Historical Economic Political - Legacy of the colonial past - Colonial patterns of trade persist - Mismanagement of the economy, corruption and wars