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How Can a Fearless Leader Address Internal Obstacles to Development of the Third World?

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Submitted By Lisabeth200
Words 1140
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Development is a complex issue, with many different and sometimes contentious definitions. A basic perspective equates development with economic growth. The United Nations Development Programme uses a more detailed definition- according to them development is 'to lead long and healthy lives, to be knowledgeable, to have access to the resources needed for a decent standard of living and to be able to participate in the life of the community. We have to identify some of these obstacles and discuss them in line with how it can be changed for development of the third World;
POLITICAL AND GOVERNMENTAL BARRIERS; Governments and political institutions play an important role in the economic development process even in capitalist countries. While early experiences with economic development, such as England's experience during the 18th century, did not involve a large role for government, the role played by the government has steadily increased in importance. At the current time, if a government is unable or unwilling to play an active role in the economic development process, then the government itself is considered an obstacle to economic development.
SOCIAL BARRIERS; Economic development rides on the shoulders of entrepreneurs who venture to do things that benefit them and the society. Whether or not a society has a sufficient number of entrepreneurs to foster modern economic growth may depend on the society's values and structure. Many of the developed nations of today encouraged entrepreneurs who pursued dreams in search of reaping potential profits from innovations. What has prevented the development of entrepreneurship in underdeveloped economies? Some believe that certain individuals in a traditional society are blocked from becoming entrepreneurs, which normally implies more social prestige, power, and wealth. These blocked minorities attempt to rise through

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