ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is a P.E.S.T. reason for the development gap?
A
The English made good ships
B
Some political leaders bought weapons and tanks rather than built hospitals and schools etc
C
The Industrial Revolution began in the U.K. and spread to Europe.
D
Some countries are more likely to have droughts and floods etc.
Explanation: 

Detailed explanation-1: -There are many causes of uneven development; physical (climate, the natural resource curse, and landlocked countries), economic (the cycle of poverty, global trading systems), and historical (colonialism). The consequences of uneven development are wealth disparities, health disparities and international migration.

Detailed explanation-2: -The Development Gap refers to the widening difference in levels of development between the world’s richest and poorest countries. There are many different measures used to assess the development gap. Geography.

Detailed explanation-3: -Measures to reduce the development gap Large companies can locate part of their business in other countries. This helps a country to develop as the companies build factories, lay roads and install internet cables. Aid is when one or more countries give money to other countries.

Detailed explanation-4: -Water supply. Some countries do not have widespread access to clean, safe drinking water. This would lead to some disease which puts strain on healthcare, requiring more money. Also, people cannot grow crops which is often the main source of income in underdeveloped countries leading to uneven development.

There is 1 question to complete.