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Essay On Developing And Underdeveloped Countries

1246 Words5 Pages

Economics CIA – I
Comparisons between characteristics of a developed, developing and underdeveloped country
The three countries that I have chosen for my comparison are Singapore, Indonesia and Cambodia. All three countries were former colonies of the British, Dutch and French respectively. The three countries became independent within a few years of each other and they geographically lie in the same region, but their development stories are wholly different. The Human Development Index (HDI) and the Gender Development Index (GDI) are the best measures of development in any country. They focus on the Life Expectancy Rate, the Literacy Rate and the Income per capita of every citizen in a country. I’ve chosen a few characteristics for my comparison which constitute why each of these countries’ is developed, developing and underdeveloped. These characteristics do play an important role in calculating the HDI and GDI too and they include;
• Political Stability
• …show more content…

Though the contribution of the manufacturing and service sector has increased substantially over time, income inequality persists between urban areas like Jakarta and rural areas where agriculture is still the primary source of income. Also, the manufacturing sector focuses on food, tobacco and textiles rather than conventional manufactured goods. With the oil crisis in the 1980s, the Indonesian government began to diversify the country’s sources of income and ensured that the economy opened up to foreign investment and trade. Over the years, Indonesia has been attracting investment from outside because of the political stability the country offers. Ease of doing business still remains a bone of contention because corruption in the country is still very high. Successive governments have been taking measures to eliminate bureaucratic inefficiency, thereby trying to eliminate

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