Fsctors That Hunder Development Flashcards
Historical factors
Many LEDCS are old colonies of MEDCs
The owning country used the LEDc to provide materials and develop industry
However mainly the effect was negative leaving the LEDc without and materials and meaning they had to buy them from the medc at a higher price
Environmental factors
Natural hazards such as earthquakes, volcanoes or drought hinder.
LEDCS near the equator -hot climate - drought
They lack the finances to repair for natural disasters eg Haiti earthquake
Dependence on primary activities
Most LEDCS work in primary industries because their tertiary industries aren’t developed.
This becomes a problem when the price of raw materials changes
So it is hard to plan ahead eg Zambia 98% of what is earned exporting is copper
Debt
LEDCS borrow money from MEDCs at high interest rate
This is meant to help develop but all the money they earn they have to pay back in debt
Eg Ecuador borrowed 3 billion in 1970/
In 2007 they payed 1.75 billion
Politics
Development is easier I a peaceful country
Many LEDCS have been ruled by dictatorships. So money isn’t spent on infrastructure or trade and more on military.
Government s steal and embezzle and don’t invest properly and attract no TNC’s