WAEC Economics 1995 Theory question 109

Theory question 109

Economic Growth and Development

Section B: answer three questions only from this section.
Why are West African countries referred to as under-developed?

Show the model answer
Model answer

Low per capita income and mass poverty
Low level of savings and capital formation
Low level of technology and productivity
Dependence on agriculture and primary products; few industries
High rate of population growth
High levels of unemployment and under-employment
High illiteracy and shortage of skilled manpower
Poor infrastructure (roads, power, water, health)
Political instability
Dependence on foreign aid and persistent balance of payments problems
Poor standard of living: low life expectancy, high infant mortality

Explanation

Give and explain at least five features of under-development.