Question

"Why do the poorest countries fail and what can be done about it?

Answer 1

The poorest countries have failed to jump-start the higher level of growth despite the economic aids from the developed countries. Following factors contributed to low development level in these countries:

• Civil war and corrupt practices.
• Landlocked countries: These countries landlocked and these countries find difficult to export significantly.
• Good governance is a problem in these countries.

The solution to the problem:

• Good governance must be promoted through international organizations.
• Further, the these poor countries must be given tariff-free access to the developed countries. The US extends the tariffs free access to many developing countries.
• Military intervention must be there where politically countries are unstable.