The concept of development simply refers to countries which are working their way up in the ladder of economic growth to create better living standards to their citizens and sustainable development to the country. Although there are statistical measurements that declare a country developed or developing, there are physical factors that lead to economic progress and failure.
These days, it’s impossible to find a single country which is not concerned about more development or to get its country out of poverty. Almost every country in the world aspire for more development. However, the need and urgency differs from country to country. The sustainability of human development concept allows all humans to take advantage of available resources without affecting the existence of future generations. Nevertheless, countless factors have prevented the current generation from fully enjoying resources and economic development.
There is a lot to be done to improve economic development in developing countries mostly in Africa. Far too many countries have not reached into economic development despite many failed efforts. According to a World Bank Report, more than 2.47 billion people covering 43% of the total population in the developing world make a life out of less than 2$ daily income. Of those, nearly a third tussle to have their daily meal out of less than a dollar income. The lack of sustainability even to collect this income escalates the gravity of the problem.
One major factor that contributes to poor development is the environmental factor and poor conservation of resources. Climate change and global warming, negatively disturb efforts of developing countries to register economic development; posing a great difficulty. Climate change continue to affect the limited resources developing countries have, getting in a way of their development initiatives. Nevertheless, identifying concepts of development, measuring progress through developmental index and working on shortcomings will progressively bring a country into development. Developing countries in Africa including Ethiopia are embracing development by creating opportunities for investments and by having policies that encourage the public participation in building a country economy.
Economic development mainly depends on trade, infrastructural development laws and implementation capacity. Domestic and international trade is highly influenced by infrastructure, particularly of transport and investment. On the other hand, educational, geographical, political and cultural aspects affect development. In fact, these are vital to create development. Economic experts such as Jeffrey Sachs and those at Jumia Travel believe that where a country is located plays a role for its economic development. Unavoidably, some countries are at a natural disadvantage. Countries located on tropical climate are exposed to hot climate that as a result brings less fertile lands and scarcity of water as well as vulnerability to disease, while countries in developed world enjoy more fertile land, ample water resources due to good rainfall and temperate climate. Most poor countries heavily rely on rainfall which at times does not pour, keeping them stranded and constantly worrying about feeding their public rather than bringing up development.
However, this does not mean all developing countries have the same situations, since most enjoy ample resources while suffering from political unrest and instability due to poor management or corruption. Lack of education also greatly affects a country’s progress into economic development, since it’s only through education that a country can effectively utilize its resources and conserve its wealth. Education also helps a country to act smart on the complex and dynamic system of the world trade.
The other factor which is forcing developing countries to lag behind has to do with being landlocked and far and expensive access to international markets. Most of the successful trade routes are designed on maritime borders, forcing landlocked countries to lose on creating markets for their products and from cheaply bringing items to their jurisdictions. Lack of the maritime access clearly hinders a country from taking part in economic development, hampering free flow of resources.
Certainly, the problems of putting a country under development are many and can vary from one country to another. However, focus on infrastructural development, being open for new investments, introducing pro trade policies and laws and encouraging youth to prioritize on education, can take any country far high in the ladder of development.
By Eden Sahle from Jumia Travel