HISTORICAL CAUSES OF POVERTY IN LEDCS
There exists different causes of poverty ranging from political institution to geography or colonization to industrialization, over population, wars and corruption among others. But in this paper, our interest will be on the historical causes of poverty such us; colonization, civil wars and the 1970 debt crisis in the LEDC. Countries can be classified into two categories, that are the MEDC a More Economically Developed Country a good example is the USA, Germany and UK and an LEDC a Less Economically Developed Country for example, Sudan and Ethiopia. There are many reasons as to why these categories exist. One ...
