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Discover the vicious cycle which prevents Less Economically Developed Countries from developing - a loop which affects the lives and livelihoods of millions around the world.Key facts
- Less Economically Developed Countries (LEDCs) face many barriers, which prevent development.
- Reduced access to clean water and food makes people vulnerable to illness and productivity is reduced.
- LEDCs do not have the infrastructure to cope with the impacts of natural disasters, such as earthquakes.
- Trade blocs, such as the European Union and the Greater Arab Free Trade Area, enforce tariffs and taxes on the non-member LEDCs.
Transcript
Almost half the world – over 3 billion people – live on less than $15 a month.
Many of these people have no running water, education or health care.
These people mostly live in less economically developed countries, or LEDCs – the poorest countries in the world.
Less Economically Developed Countries (LEDCs)
The ...
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