Measures Needed for Development in Less Developed Countries_1

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Measures Needed for Developing Less Developed Countries

Foreign Aid

Developed countries should contribute to the economic development of LDCs.

The UN has recommended that developed economies set aside 0.7% of GNP for foreign aid

Improvements to Infrastructure

A high priority should be to gain investment to improve infrastructure

Infrastructure that should be improved should be both agricultural (land drainage and irrigation schemes) and structural (roads, housing, factories)

Increase Output from Agricultural Sector

Improve farming methods

Reduce dependence on outside food aid

Increase self-sufficiency

Increase Trade Opportunities

"Trade, not Aid" is a common maxim used by LDCs to focus on their productive capacities rather than just giving them money

This, again, improves self-sufficiency

Prioritise Education

Establish primary schools initially

Later develop secondary schooling and job training

Educate people about family planning to make population growth more manageable

Peace/Polo

Peace/Political Stability

This is paramount for economic development to take place

Reduce spending on arms and military

Focus on building international relations

Introduce democracy

Social spending should be a priority

Developing LDCs