Thursday 4 April 2013

Essay examining the problems with the Solomon Island's economy and solutions to fix it

DEVELOPMENT ECONOMICS - THE SOLOMON ISLANDS

Within our global economy, there are numerous passing developed and less developed countries. The Solomon Islands is a nation that has latterly been facing severe restrictions with regards to Economic Growth and Development. Numerous informal and external forces have subsequently affected the ability of the artless to grow frugalally.

The Solomon Islands is facing a first gear level of ontogenesis that is reinforced by a variety of social and sparing statistics. When compared to super developed countries, these statistics highlight the developing status of the domain. Socially, the comfortably low forest of life in The Solomon Islands has made it super difficult for the economy to develop. The country is ranked 124th in the military personnel with regards to human development, with a HDI of .624. When compared to the .93 HDI in the highly developed USA, this proves that the quality of life for humans in the Solomon Islands is extremely low. The countries life presentiment at birth of 69 years is a dramatic contrast to the life expectancy in the USA of 77 years. Furthermore, the adult literacy rate of 76.6 % in the country is somewhat unlike to the 99 % adult literacy rate in the USA. This encompasses the fact that The Solomon Islands is highly undeveloped, with a poor quality of life.

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In addition, the restricted nutritionists calorie intake ( ...) ... and the low education index of .68 further enhances the fact that The Solomon Islands is extremely undeveloped. Economically, GDP per capita of $570 US in the country seems bit when compared to the $35 060 US GDP per capita in The United States. Consequently, the country is experiencing little economic development due to the lack of economic growth. Numerous internal and external factors are responsible for the low level...

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