Economic growth can be achieved when the rate of increase in total output is greater than the rate of increase in population of a country. Therefore, from the failure of economic planning in the former Soviet Union and the erstwhile East European socialist countries it would be wrong to conclude that a planned economy has built-in inefficiencies which are bound to arrest economic growth.
Heredity and genes certainly play an important role in the transmission of physical and social characteristics from parents to off-springs. Growth is directly related with nutrition. These principles explain typical development as a predictable and orderly process.
However, people show interest in the development activity only when they feel that the fruits of growth will be fairly distributed. Great reliance on foreign aid is highly risky, and thus has to be avoided.
It has been seen that the children from different socioeconomic levels vary in average body size at all ages. Similarly, Japan has a small geographical area and few natural resources, but achieves high growth rate due to its efficient human resource and advanced technology.
The resources beneath the land or underground resources include oil, natural gas, metals, non-metals, and minerals.
Mass participation in development programs is a pre-condition for accelerating the growth process. A comprehensive succession management process can increase employee engagement and retention, which facilitates organizational growth.
Involves land, building, machinery, power, transportation, and medium of communication. These political problems can sometimes become firmly established and some countries can find it difficult to recover from them.
Economists rightly assert that lack of capital is the principal obstacle to growth and no developmental plan will succeed unless adequate supply of capital is forthcoming. Governments play a lead role in the development process, and many governments are filled with honest people who do a good job trying to raise both the standard of living and quality of life of the people who live there.
The supply of the farm products particularly foodgrains, must increase, as the setting-up of industries in cities attracts a steady flow of population from the countryside.
The human body requires an adequate supply of calories for its normal growth and this need of requirements vary with the phase of development.
Countries naturally rich in coal and oil, for example, do not need to spend money on importing these resources, which are used to produce energy. At the same time colonisation was occurring in the Americas, the same process was unfolding throughout large sections of Asia and Africa.
In such a case, achieving becomes difficult.
Ultimately, it is a human enterprise. The larger the child at birth, the larger he is likely to be in later years. Tariffs are a form of tax placed on foreign goods that arrive in a country. The fetus is also put at a great risk for low birth weight and respiratory problems.
In less developed countries, natural resources are unutilized, under-utilized or mis- utilized. Environmental factors affecting development — the impact of natural hazards.
Therefore, in such a case, standard of living of people would not improve even when there is an increase in the total output of a country. Paste the link into your website, email, or any other HTML document. A Economic Factors in Economic Development: Technology involves application of scientific methods and production techniques.
Natural resources, agricultural commodities, minerals, plants and spices are some common examples of products that colonising powers throughout history have taken from their colonies.
As a result, there would be no economic growth. Prenatal exposure to mercury may lead to physical deformation, difficulty in chewing and swallowing, and poor motoric coordination. Wars also often cause disunity amongst the population, which can lead to a breakdown in social cohesion. Poor health standards and low levels of education in developing countries can also lead to the spread of sexually-transmitted infections, and diseases passed from person to person through contact with contaminated blood and water.
They are more likely to be underweight, much shorter than average, and of low height for age, known as stunting. This is because wars are very costly and cause widespread death and destruction. That limits the POTENTIAL development of other industries and if the resource is in the hands of a minority unscrupulous ruling elite, the profits are not shared well amongst people in the country.
The developed countries, on the contrary, have a comparative cost advantage in manufactures including machines and equipment and should accordingly specialize in them.Factors Affecting Development - Chapter Summary. Let our instructors help you understand what constitutes normal development in children and adolescents and some of the factors that can influence it.
A country's level of development is influenced by a number of interrelated factors. While it is difficult to separate these factors, they can be broken down into five major categories: historical, political, economic, social and environmental.
Factors of Economic Development: There are various factors which are responsible for economic development in any country. These vary from country to country. Anyhow following are the important factors which influence the social structure of any country.
There are following: 1. Natural Resources: Natural resources play an important role in the economic development of any country. The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies.
Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services.
growth factors and growth factors thus play a major role in this regard during development. Effects of a given factor may be limited to a discrete population or may include a general effect on growth of the fetus.
A child's development is affected by environment, genetics, experiences and relationships. Because there are many factors involved, child development is complex. Environmental factors, such as income and education, all affect a child's development. A safe community offers a chance to explore.