Post
Topic
Board Economics
Re: Will the under developed nations come out of its under development?
by
peter0425
on 26/08/2025, 22:41:52 UTC
Development is a good thing to every nation that wants to develop.building of good schools, hospitals, good security network, human capital development, good roads,a better environment to leave and do business, job creation, shunning nepotism, favoritism, free and fair election etc are all ingredients of developed nations . the reverse is the case for under developed countries.So can the under developed countries get it right?
It is easier said than done. All these ingredients for a developed country is nothing compared to one thing and that is corruption. Money is needed for building infrastructure. These infrastructure will be used to generate more money to create more projects but if those money are pocketed by politicians then only the politicians become rich and the rest of the country will stay poor.