Challenges Facing the Developing Countries

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Chapter36W 3/24/04 1:46 PM Page 1. CHAPTER 36W. Challenges Facing the Developing Countries L LEARNING OBJECTIVES. 1 Describe the extent of world income inequality. 2 Explain some of the main Challenges Facing Developing Countries . 3 Define the view of development known as the Washington Consensus. . 4 Outline the current debates about development policies. In the comfortable urban life of today's developed Countries , most people have lost sight of the fact that a short time ago very short in terms of the life span of the earth peo- ple were nomadic food gatherers, garnering an existence as best they could from what nature threw their way. It has been only about 10 000 years since the Neolithic Agricultural Revolution, when people changed from food gatherers to food producers. Throughout most of subsequent human history, civilizations have been based on a com- fortable life for a privileged minority and unremitting toil for the vast majority. Only within the past two centuries have ordinary people become able to expect leisure and high consumption standards, and then only in the world's economically developed Countries .

L LEARNING OBJECTIVES 1 Describe the extent of world income inequality. 2 Explain some of the main challenges facing developing countries. 3 Define the view of development known as the “Washington Consensus.” 4 Outline the current debates about development policies. CHAPTER 36W Challenges Facing the Developing Countries In the comfortable urban life of today’s developed countries, …

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