Underdevelopment - SS3 Economics Lesson Note

Underdevelopment refers to a situation where a country or region experiences low levels of economic growth, poor standards of living, and limited access to basic necessities such as healthcare, education, and infrastructure. Underdevelopment is a complex and multifaceted issue that requires a holistic approach to address. This includes policies aimed at promoting economic growth, improving access to education and healthcare, and reducing poverty and inequality

Underdeveloped countries are often characterized by low levels of industrialization, a high dependence on agriculture, and a lack of technology and infrastructure. As a result, they tend to have low levels of productivity and limited opportunities for economic growth. In addition, underdeveloped countries often have high levels of poverty, unemployment, and inequality, which can further exacerbate the challenges they face.

Factors that cause Underdevelopment

Underdevelopment can be caused by a range of factors, including historical and structural factors, such as colonialism, exploitation, and unequal trade relationships. Political instability, corruption, and poor governance can also contribute to underdevelopment by creating an environment that is not conducive to investment and economic growth. By addressing these issues, underdeveloped countries can begin to move towards a more sustainable and equitable path of development.