4.2.6.5 Main characteristics of less developed countries NOTES

What typically characterizes less-developed economies?

• High levels of industrialization

• Low levels of economic growth and high levels of poverty

• Stable political environments

• High levels of economic growth

Which sector employs a large proportion of the workforce in less-developed economies?

• Technology sector

• Agriculture sector

• Service sector

• Financial sector

What are common challenges faced by less-developed economies?

• Low levels of unemployment

• Excessive foreign investment

• Limited access to capital and weak infrastructure

• Over-investment in technology

What do less-developed economies often lack access to, leading to poor health outcomes?

• Entertainment and leisure facilities

• Basic services such as healthcare and education

• High-speed internet

• Luxury goods

What hinders less-developed economies from competing in global markets?

• Robust legal systems

• Excessive domestic competition

• Low levels of technological advancement and innovation

• High levels of technological advancement

What factor contributes to high unemployment rates in less-developed economies?

• High levels of automation

• Extensive vocational training programs

• Limited industrial diversification

• Excessive government regulation

How does political instability affect economic growth in less-developed countries?

• It attracts more foreign direct investment

• It leads to more stable market conditions

• It discourages investment and hinders economic development

• It enhances public trust in financial institutions

What is a common barrier to improving education in less-developed economies?

• High levels of literacy

• Widespread access to digital resources

• Lack of qualified teachers

• Overcrowded urban schools