Abdul Ghani Chohan
Why after all the technological, medical and market breakthroughs, we still have a huge bunch of countries out there who still qualify for the term “developing”; why aren’t they developed yet? Well, on generic grounds the reasons seems pretty obvious but when looked deeply they are the governing factors behind the state of a country.
Let me make it clear, on which grounds we term a country as developed or developing. For a developed country, one looks at its economy, the industrial growth and of course the GDP which is taken in terms of per capita income of a country. Other standards include technological, industrial, health and educational infrastructure. One may include the general way of living of people in a country as a standard as well. These are the basic standards on the grounds of which a country is categorized as ‘developed’. The more these standards are valued and met the greater the growth of the country. On the contrary, a country which doesn’t meet these standards is termed as ‘developing’. Then why there is huge difference between developed and developing countries even in the 21st century; the reasons may include the ratio of unemployment, which determines the growth rate and GDP of a country. One of the main reasons of unemployment is that the education of personnel doesn’t match the market needs and requirements.
In this matter, educational infrastructure of the country matters a lot which should be designed keeping the updated market trends in account. It is often seen in developing and under-developed societies’ that emphasis is put on getting a job in multi-nationals instead of creating job opportunities for others. In other words, there is lack of an entrepreneurial approach or infrastructure in developing societies and countries. People waste months and even years in search of job and fail to realize the business opportunities in their areas. This whole mind set is one of the major reasons of the lack of development in developing countries because if there are no industries, then how can industrial growth be achieved?
In evaluating the growth parameters of the developing and developed countries, one cannot possibly ignore the rate of corruption. While corruption is observed almost everywhere in society, be it a developing or a developed country, but the rate of corruption contrasts in great numbers from developed to developing countries. Corruption and economic instability are adversely proportionate to each other. The higher the corruption, the lower the growth rate of country. Well, the list is quite a huge one but the aforementioned factors are among the most important factors which are the main difference between developed and developing countries.