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International Development in Developing Countries

Their support will dictate whether or not the task is one that has potential to move forward positively or if the project is one that has failed in the past. The ability to gather funds through private investment is a large and sometimes tough task. This stated, it should be know that it is one of the major keys to succeeding in breaking the cycle of underdevelopment. Trade affects every aim to aid development by directly influencing just how much a state can produce and use to increase their economic stability. Comparative Advantage is a key to positive trade. This occurs when an economy has a comparative advantage in the production of a good or service when it can produce that good or service at a lower cost than its competitors.3 It allows for the state to reinvest funds to aid for additional growth. Secondly, this concept should be expanded to understand that this must occur in a fashion that does not drastically interfere with the attempt to develop by another state in the same situation. Having an operation that adapts to both these concepts is known as Positive Trade.Technical Assistance is the last of the four imperative techniques to break the cycle of underdevelopment. This occurs on both micro and macro scales as important roles of leadership or situation savvy are filled by those with the proper expertise and goals. They should be a proper mix of the in the community, used for instance, in foreman roles. Also in roles such as in leadership and planning must be filled by those capable and are often of other countries or of organizations that participate in these types of scenarios. In conclusion this chapter was filled with an overabundance of information all applicable to the topic. My feeling was that such an overwhelming load of facts and systems directed me away from the most important facts of the chapter. Its imperative that the student understands the small scale relationship to economic development. Ther...

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