Major Reasons Why Even After so Many Years of Independence, Development Is Still a Challenge for a Country Like Zambia.
In this assignment, the discussion will be centred on the major reasons why even after so many years of independence, development is still a challenge for a country like Zambia. I would start by defining the word “development.”
The concept Development may mean a lot of things to an individual and to the government. It may mean improving, expanding, enlarging, advancing or progressing the society. Economically speaking, Todaro and Smith (2003) states that traditionally it meant the capacity of a national economy, whose initial economic condition has been more or less static for a long time, to generate and sustain an annual increase in its Gross National Product (GNP) at rates of perhaps 5% to 8% or more.
In economic terms Development as described by the IMF journal “Economic Outlook” (1997) states that, “the questions to ask about a country’s development are: what has been happening to poverty? What has been happening to unemployment? What has been happening to inequality? If all the three have declined from high levels, then beyond doubt this has been a period of development for the country concerned. If one or two of these central problems have been growing worse especially if the entire three have it would be strange to call the result “development” even if per capital income doubled.
Todaro and Smith (2003) defined development as a “multidimensional process involving major changes in social structures, popular attitudes and national institutions, as well as acceleration in economic growth, the reduction of inequality and the eradication of poverty.”
Dudley seers stated that development involves creating conditions necessary for full realisation of human conditions necessary for full realisation of human potential. According to him, an evaluation of development must take into account that three interrelated processes in a growing economy i.e. reduction in poverty, reduction in unemployment and reduction in
The concept Development may mean a lot of things to an individual and to the government. It may mean improving, expanding, enlarging, advancing or progressing the society. Economically speaking, Todaro and Smith (2003) states that traditionally it meant the capacity of a national economy, whose initial economic condition has been more or less static for a long time, to generate and sustain an annual increase in its Gross National Product (GNP) at rates of perhaps 5% to 8% or more.
In economic terms Development as described by the IMF journal “Economic Outlook” (1997) states that, “the questions to ask about a country’s development are: what has been happening to poverty? What has been happening to unemployment? What has been happening to inequality? If all the three have declined from high levels, then beyond doubt this has been a period of development for the country concerned. If one or two of these central problems have been growing worse especially if the entire three have it would be strange to call the result “development” even if per capital income doubled.
Todaro and Smith (2003) defined development as a “multidimensional process involving major changes in social structures, popular attitudes and national institutions, as well as acceleration in economic growth, the reduction of inequality and the eradication of poverty.”
Dudley seers stated that development involves creating conditions necessary for full realisation of human conditions necessary for full realisation of human potential. According to him, an evaluation of development must take into account that three interrelated processes in a growing economy i.e. reduction in poverty, reduction in unemployment and reduction in
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