Characteristics of Developing Countries include: 1) varying income inequality; 2) political framework; 3) an extended family; 4) peasant agricultural societies; 5) a high proportion of the labor force in agriculture; 6) a high proportion of output in agriculture; 7) inadequate technology and capital; 8) low saving rates; 9) a dual economy; 10) varying dependence on international trade; 11) rapid population growth and 12) low literacy and school enrollment rates; 13) an unskilled labor force; and 14) poorly developed economic and political institutions

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Which among the characteristics of developing countries mentioned in the lesson are applicable to the Philippines? Identify and explain why you think so. (10 pts)

Answer rating: 100% (QA)

My private opinion having lived withinside the Philippines and understanding it quite nicely is that its loss of improvement is due in general to thos... View the full answer