ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Core
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Periphery
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Semi-periphery
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None of the above
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Detailed explanation-1: -Least developed countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development. They are highly vulnerable to economic and environmental shocks and have low levels of human assets.
Detailed explanation-2: -All nations lie somewhere in the range of more developed countries (MDC) to less developed countries (LDC). Human Development Index shows levels of development. The darker the blue, the greater development that exists within that country.
Detailed explanation-3: -Several characteristics define a country as less developed. Still, some of the most common ones include high levels of poverty and low per capita income, lack of or shortage of capital, high population levels, and massive unemployment levels.
Detailed explanation-4: -Soaring debt. Even before the COVID-19 pandemic, UNCTAD warned about the climbing debt burden of LDCs, which undermines their ability to provide basic services, such as health care and education. Export marginalization. Energy poverty. Climate vulnerability. 04-Apr-2022