Developing countries have not acieved developed status despite embarking on development strategies. Why?
Please help me with this question. Thx for your help. =)
- Jay SLv 51 decade agoFavorite Answer
Lack of freedom. It robs the inhabitants of those countries of any incentive to create wealth.
- Brand XLv 61 decade ago
Actually, some have....we just don't think of them as 'developing' anymore. Examples: South Korea, Taiwan, etc.
Developing by its very definition means a country that has failed to develop. Once it develops it is no longer considered 'developing'.