Flashcard: Understanding Development and Underdevelopment — 14 carte

Core Principles of Development

Balance economic, social, political factors.

Causes of South Countries' Underdevelopment

Colonial legacy, instability, dependency, backwardness.

Development potentials in Nigeria

Natural resources, location, youthful population.

Indicators of Underdevelopment

Low income, high unemployment, poor infrastructure.

Solutions to Overcome Underdevelopment

Good governance, diversification, human capital investment.

Economic disparities

Income gaps, unequal access to services.

Social disparities

Health, education, urban-rural divide.

Factors of regional inequality

Historical exploitation, governance, resource distribution.

Sustainable Development — goal?

Meet present needs without harming future.

Economic Modernization — process?

Transform traditional economies into advanced systems.

Human Capital Development — focus?

Invest in education, health, skills.

Technological Advancement — role?

Increase productivity, competitiveness.

Political Stability — importance?

Fosters consistent development environment.

Impact of colonial legacy?

Weak institutions, resource exploitation.