KENECHUKWU have a lot of inefficient waste management system

KENECHUKWU ARINZE OKUDO

KM16ENG

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Developed and developing countries.

According to the United Nations
definition on economies, a developed economy is a state that has a highly
developed economy, infrastructure and standard of living (1). This is
determined by evaluating basic indexes such as the GDP (gross domestic product),
GNP (gross national product), and per capital income. This therefore means that
Developing countries are sovereign states that are in the process of
industrialization (2). According to the United Nations index, Developing
countries are economies that confront structural inefficiencies to sustainable
development and have high vulnerability to economic shock and low Human
development indices (2).

With development being a continuous process, the goal of
developed countries is to be more sustainable and energy efficient with good
human life quality. Developing countries have a lot of inefficient waste
management system and bad human life quality, their goal is to get to the level
of the developed countries. Two principal indicators mark the development index
of a nation which are Economic growth and Economic development (3).

Economic growth is generally defined or indicated by
increase in the country’s GDP, gross domestic product. GDP in simple terms is a
result of market productivity, represents the country’s output, that is,
monetary value of total export within a specific period of time. Example, In
Nigeria up to 1956, Nigerian economy relied heavily on export of agricultural
products; cocoa, flour, palm oil etc. 1957 crude oil was discovered in Nigeria
and in 1958 crude oil export was over 800,000 tones approximately two million
pounds. In one year Nigeria added two million pounds to her GDP, since Nigeria’s
GDP increased this means Nigeria experienced economic growth (1).

Economic development refers to the process of which a
sovereign nation improves the social well-being and economy of its people,
quality of life. This is often measured with the Human Development Index, this
is a model that considers or gauges a country’s level of human development
which combines an economic measure, national income, for measuring high
economic countries, indices such as life expectancy and education are frequently
used (2).

 

• Resources are effectively and efficiently utilized in
developed countries and are controlled effectively by the government. The
government sets up agencies responsible for the management of resources,
financial, mineral resource agencies, etc. These resources when managed,
minerals for example are used for production or sold and converted to financial
resources. These systems are well managed in the developed countries like the
United States. On the other hand, proper utilization of resources is not done
in developing countries, this does not denote lack of resource management
agencies but gross inefficiency in management, taking Nigeria as a case study.

• In developed countries, the birth rate and death rate are
low, whereas in developing countries both the rates are high.

Development is a continuous process and every developed
country was once developing, therefore I will say in my opinion that development
is an economic model used by an organization(s) to qualify and often times
quantify the human development index with factors such as respect of human
right, women empowerment, infant mortality, child education to mention but a
few. Developing countries should model themselves with the method used by
developing countries to achieve sustainability. External countries shouldn’t meddle
with independent countries’ model/path to sustainability if the ideas/methods
vary from the norm because as cultures are different, so are people.

 

 

 

Bibliography

1.      

Difference Between Developed Countries and Developing Countries

2.      
https://en.wikipedia.org/wiki/Developed_country

3.      
https://wikivisually.com/wiki/Developed_economy

 

KENECHUKWU ARINZE OKUDO

KM16ENG

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

 

 

 

 

Developed and developing countries.

According to the United Nations
definition on economies, a developed economy is a state that has a highly
developed economy, infrastructure and standard of living (1). This is
determined by evaluating basic indexes such as the GDP (gross domestic product),
GNP (gross national product), and per capital income. This therefore means that
Developing countries are sovereign states that are in the process of
industrialization (2). According to the United Nations index, Developing
countries are economies that confront structural inefficiencies to sustainable
development and have high vulnerability to economic shock and low Human
development indices (2).

With development being a continuous process, the goal of
developed countries is to be more sustainable and energy efficient with good
human life quality. Developing countries have a lot of inefficient waste
management system and bad human life quality, their goal is to get to the level
of the developed countries. Two principal indicators mark the development index
of a nation which are Economic growth and Economic development (3).

Economic growth is generally defined or indicated by
increase in the country’s GDP, gross domestic product. GDP in simple terms is a
result of market productivity, represents the country’s output, that is,
monetary value of total export within a specific period of time. Example, In
Nigeria up to 1956, Nigerian economy relied heavily on export of agricultural
products; cocoa, flour, palm oil etc. 1957 crude oil was discovered in Nigeria
and in 1958 crude oil export was over 800,000 tones approximately two million
pounds. In one year Nigeria added two million pounds to her GDP, since Nigeria’s
GDP increased this means Nigeria experienced economic growth (1).

Economic development refers to the process of which a
sovereign nation improves the social well-being and economy of its people,
quality of life. This is often measured with the Human Development Index, this
is a model that considers or gauges a country’s level of human development
which combines an economic measure, national income, for measuring high
economic countries, indices such as life expectancy and education are frequently
used (2).

 

• Resources are effectively and efficiently utilized in
developed countries and are controlled effectively by the government. The
government sets up agencies responsible for the management of resources,
financial, mineral resource agencies, etc. These resources when managed,
minerals for example are used for production or sold and converted to financial
resources. These systems are well managed in the developed countries like the
United States. On the other hand, proper utilization of resources is not done
in developing countries, this does not denote lack of resource management
agencies but gross inefficiency in management, taking Nigeria as a case study.

• In developed countries, the birth rate and death rate are
low, whereas in developing countries both the rates are high.

Development is a continuous process and every developed
country was once developing, therefore I will say in my opinion that development
is an economic model used by an organization(s) to qualify and often times
quantify the human development index with factors such as respect of human
right, women empowerment, infant mortality, child education to mention but a
few. Developing countries should model themselves with the method used by
developing countries to achieve sustainability. External countries shouldn’t meddle
with independent countries’ model/path to sustainability if the ideas/methods
vary from the norm because as cultures are different, so are people.

 

 

 

Bibliography

1.      

Difference Between Developed Countries and Developing Countries

2.      
https://en.wikipedia.org/wiki/Developed_country

3.      
https://wikivisually.com/wiki/Developed_economy

 

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