Economic difference between developed and underdeveloped economies

Poor social infrastructure such as roads, bridges, dams will restrict the production of goods and services and limit the growth of the market that sells these items.

Financial infrastructure (banks, financial institutions, etc.) is underdeveloped and in most cases is still in its early stages

Because of the small number of labor training institutions, people can not learn the production and distribution of goods and services in modern economic technology.

Political regime is usually not very stable, in many cases military dictatorship or economic condemnation order

It leads to low domestic savings and reinvestment (no one wants to invest in an unstable environment), for the same reason foreign investment does not exist or is very low

As a result, the ability to import modern commodities and services declines and fall into a vicious circle.

They have developed and developed social infrastructure such as roads, bridges and dams. It not only reduces the production of goods and services but also helps the rapid growth of the market.

Financial infrastructure (banks, financial institutions, etc.) is usually very modern and well established

Since labor training institutions are spreading all over the world, people can learn about the production and distribution of goods and services in modern economic technology wherever they are.

Political regime is usually very stable, in most cases these are complete democracy.

It leads to high domestic savings and reinvestment (everyone wants to invest in a stable environment), for the same reason foreign investment is very high

In today's world economic growth is based on patents and sales of modern technology, and state-of-the-art products and services available in other countries of the world.

Their export products are usually advanced products such as high-tech products such as aircraft, supercomputer, and advanced electronics.

This will increase the ability to import modern products and services and further promote economic prosperity.

In tackling the underdeveloped cause, structuralist economists are interested in the development of economic relations between developed countries and other countries. Developing countries are included in the international economy for two purposes: (i) providing inexpensive raw materials, and (ii) purchasing finished goods from industrialized countries. This led to the expansion of primary commodity export sector at the expense of the industrial sector in the "enclave" economy of developing countries.

The dependence theory became the first method to explain the underdevelopment of the Latin American economy in the 1960s. It claims that undevelopment still exists because developing countries dominate the least developed countries by paying for low-priced agricultural products and flooding these economies with cheap manufactured goods . This brings a permanent negative balance that is hampering the competitiveness of low-developed countries in world markets. After colonies such as Walter Rodney and Samir Amin, economic theorists in Africa combined Marxism - Leninist colonialism as a capitalist stage with the concept of low development, the concept of the new colonialism, Kwame I created Nkrumah. Please call it "the final stage of imperialism". "

By analyzing the social and political participation of developed and developing countries, political and economic activities are considered to be underdeveloped causes. Globalization is understood as the globalization of capital, and the opposite undevelopment is thought to be related to the development of global capitalism. Regarding development, low development research is the result of the development of capitalism. In today's globalized world, the countries that make up the undeveloped categories are called the Third World and are mainly part of Asia, Africa and Latin America. Globalization means change and change, which means that the developing world, the 3rd World, is retreating and stagnating, so it is called "traditional society" 1.