Development strategies in LEDC's
- The economic perspective
- FDI in Africa
- Increasing entrepreneurship and improving the local economy in developing countries
- The human development index
- Healthcare linked to education
- An efficient development strategy for an LEDC
Development was traditionally seen as the ?process by which countries and societies advance and become richer?, synonymous with economic growth. However, the definition which is accepted today, a ?process of change which allows all the basic needs of a region to be met, thereby achieving greater social justice and quality of life and encouraging people to fulfil their potential,? presents development as a more complex and wide-ranging process involving an improvement of the economic situation but also of the social, political, environmental and technological fields.
Consequently, development strategies in less economically developed countries must take into account these different areas in order to be successful. In Angola for instance, the natural resources of oil and diamonds in the country mean that they are economically self-dependent, but in other field they are very much at the bottom of world rankings: their life expectancy is of 46 years, lower than Nigeria's (document F), a third of Angolan adults are illiterate and civil and political liberties are limited, which means that the country is considered as a LEDC. Angola's policies towards development have had contrasted effects.
In the economic field, for instance, developing relations with China is a very good move on one hand for the Angolan economy, but it is in no way a panacea as it presents many flaws. China indeed guarantees a huge market for Angolan petrol, as well as lines of credit to develop their economy.