Harvey leibenstein has classified the characteristics of underdevelopment under four major heads,namely
1.Economic
2.Demographic
3.Cultural and political
4.Technological and Miscellaneous
The other features of underdevelopment are:
1.Preponderence of Agriculture
2.Population pressure and Unemployment
3.Poor income and Poor savings
4.Under-utilisation of resources
5.Capital deficiency
6.Low level of technology
7.Foreign trade orientation
8.Poor Economic Organization
9.Lack of suitable Socio-Economic Setup.
10.A Dualistic Economy.
2 comments:
don't you have further explanation of each characteristics?
Yes.Hope to do it in near future...
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