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Factors that hinder or promote Development
• What is Development?

• Development means ''improvement in a country's
  economic and social conditions''. More specifically, it
  refers to improvements in ways of managing an area's
  natural and human resources in order to create wealth
  and improve people's lives. This definition is based on the
  more obvious distinctions in living standards between
  developed and less developed countries.
Development is
• Improvement of a countries:
      • Economic

      • political

      • Management of natural and human resources

      • Tourism

      • Political Ideologies
Concepts of Development
Development – refers to the sustained level of
economic and social well being in a country.
Sustainable development – refers to the concept of
advancing a people’s quality of life, in terms of
economic criteria as well as human dynamics,
particularly the conservation and protection of the
environment.
• Development as an increasing differentiation
 or complexity: is a Conceptualization of development
 that states that for anything to develop it must become more
 complex and more differentiated- its component parts will
 integrate with better and deeper linkages.
   Development as an enactment of
    Human Values : is a conceptualization that for
    anything to develop or become better
    improvements has to related to some values that
    are being enacted.
When concentrated in the hands of a few, it can
lead to low levels of investment, high
unemployment, high levels of unskilled labour force
(since there will be low expenditure on education. It
can also lead to corruption
. The result is low productivity among high-income
earners, capital flight and brain drain. It leaves
government with a high borrowing from international
sources, which result I higher taxes and rising
inflation
 Resources are materials or other assets
  that are transformed to produce benefit and
  in the process may be consumed or made
  unavailable.
 From a human perspective a natural
  resource is anything obtained from the
  environment to satisfy human needs and
  wants.
 Some of the resources in the Caribbean
  that have provided jobs:
 Barrick Gold’s Pueblo Viejo Project in The
  Dominican Republic which so far has
  created 4,465 jobs.
 cobalt, nickel, iron ore, copper,
  manganese, salt, timber, silica, and
  petroleum in Cuba.
 Bauxite Mining in Jamaica : according to
  the gleaner July 23, 2010 More than 600
  people are to get direct employment while
  hundreds more will benefit indirectly full
  operation in Ewarton, St Catherine.
 Guyana: Natural resources bauxite, gold,
  diamonds, hardwood timber, shrimp, fish
Absence of mineral; forestry and other resources
in most territories.
This has placed some limitation on development
strategies and options. Except for Jamaica,
Guyana, Trinidad and Belize , a lack of resource
prevents production and resources available to all
allows for production of the same products,
hence difficulty in finding markets.

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Factors that hinder or promote Development

  • 2. • What is Development? • Development means ''improvement in a country's economic and social conditions''. More specifically, it refers to improvements in ways of managing an area's natural and human resources in order to create wealth and improve people's lives. This definition is based on the more obvious distinctions in living standards between developed and less developed countries.
  • 3. Development is • Improvement of a countries: • Economic • political • Management of natural and human resources • Tourism • Political Ideologies
  • 4. Concepts of Development Development – refers to the sustained level of economic and social well being in a country. Sustainable development – refers to the concept of advancing a people’s quality of life, in terms of economic criteria as well as human dynamics, particularly the conservation and protection of the environment.
  • 5. • Development as an increasing differentiation or complexity: is a Conceptualization of development that states that for anything to develop it must become more complex and more differentiated- its component parts will integrate with better and deeper linkages.
  • 6. Development as an enactment of Human Values : is a conceptualization that for anything to develop or become better improvements has to related to some values that are being enacted.
  • 7. When concentrated in the hands of a few, it can lead to low levels of investment, high unemployment, high levels of unskilled labour force (since there will be low expenditure on education. It can also lead to corruption . The result is low productivity among high-income earners, capital flight and brain drain. It leaves government with a high borrowing from international sources, which result I higher taxes and rising inflation
  • 8.  Resources are materials or other assets that are transformed to produce benefit and in the process may be consumed or made unavailable.  From a human perspective a natural resource is anything obtained from the environment to satisfy human needs and wants.
  • 9.  Some of the resources in the Caribbean that have provided jobs:  Barrick Gold’s Pueblo Viejo Project in The Dominican Republic which so far has created 4,465 jobs.  cobalt, nickel, iron ore, copper, manganese, salt, timber, silica, and petroleum in Cuba.
  • 10.  Bauxite Mining in Jamaica : according to the gleaner July 23, 2010 More than 600 people are to get direct employment while hundreds more will benefit indirectly full operation in Ewarton, St Catherine.  Guyana: Natural resources bauxite, gold, diamonds, hardwood timber, shrimp, fish
  • 11. Absence of mineral; forestry and other resources in most territories. This has placed some limitation on development strategies and options. Except for Jamaica, Guyana, Trinidad and Belize , a lack of resource prevents production and resources available to all allows for production of the same products, hence difficulty in finding markets.