1. Economic Factors:
1.1. World Bank "heavily indebted poor countries" (HIPCS) Those who are are MEANT to support economic development must meet certain criteria: Commit to poverty reduction through policy changes and demonstrates a good track-record over time.
1.2. Debt often times has to be "forgiven"... in reality being ignored.
1.3. Not all taxes goes towards development, not all of it does towards the people at all. The political corruption allows for political elites to get away with fraud.
2. Social Factors
2.1. Gender Relations
2.1.1. Educated individuals are able to contribute to the growth and development of their countries.
2.1.2. Positive Factors
2.1.2.1. Fewer children in a household means more money available to be spent on health and education for the children in the household!
2.1.3. Reducing fertility rates
2.1.3.1. In developing countries like Papua, people were uneducated and uninformed of family planning. Large families were established, however, according to statistics, women who had more than four children passed away. Men had to get vasectomy's in order to save their wives and still have a normal love life with them. Families began to receive education on family planning which led to the reduction of fertility rates.
2.1.4. Education
2.1.4.1. As proven, citizens unaware or uneducated about things like the amount of sources they use, gender views, or family planning, keeps a country from developing.
2.2. Negative Factors
2.3. Religion
2.4. Religion to certain people is how a society or world functions based off of their religious beliefs which impacts the country. Sometimes it is a positive impact but then sometimes it is a negative impact. However, Religion plays a vital role in most countries determining how a country develops.
2.5. Discrimination
2.5.1. Discrimination in developing countries potentially holds back those countries.
2.5.2. Certain people discriminated against in developing countries leads to the country's overall productivity to fail.
3. Institutional Factors
3.1. Millenium Development
3.1.1. Global Goals
3.1.1.1. End Extreme Poverty
3.1.1.1.1. Fight Inequality and Injustice
3.2. Factors That Influence Development
3.2.1. Use of Appropriate Technology
3.2.1.1. When necessary technological equipment are used industrially, they provide greater employment than automated systems
3.2.1.2. When necessary technological equipment
3.2.2. Access to Credit and Micro-Credit
3.2.2.1. Ability to borrow funds from banking system
3.2.3. Empowerment of Women
3.2.3.1. Increasing the economical, political, social and educational strength of the female population
3.2.4. Income Distribution
3.2.4.1. Opportunities for people to purchase the must-have necessities.
3.2.5. Political and Banking Sector Stability
3.2.5.1. Stability in a country will lead to an increase in FDI by MNCs which will lead to greater employment
4. 17 Goals That Address These Four Main Common Issues Across the Globe
5. Political Factors:
5.1. Gov'ts need to a lot of things in order to encourage development: Build/maintain infrastructure Raise and spread finance wisely Set up their laws and businesses
5.1.1. Negative Factors
5.1.1.1. There is corruption on the gov't! there's a gap in inequality Violence and Instability Poor Management
6. Environmental Factors:
6.1. Climate Example: People cant fish, when they normally do because of climate change... Losing whatever profit it may be that they gain from fishing. Not that the gov't totally ignores gov't, but when trying to development the other factors crowd up the room, in where environment is looked at last. When in reality environment... can be the solution to, for example, economic factors
6.2. Negative Environmental Factors
6.2.1. Climate Related Disease
6.2.1.1. Developing poorer countries have diseases that they withstand affecting a lot of the population. Some of these diseases is the cause to citizens death or bad sickness preventing them from working which keeps a country from developing.
6.2.2. A Lack of Natural Resources
6.2.2.1. Countries with few natural resources begin with a very low economic base which creates difficulty in finding or creating products that can sell on world markets.
6.2.3. The Country's Surrounding's, and Neighbors
6.2.3.1. A minor relation to political factors that impact a country's development, countries who have no access to needed resources, like the sea for instance, typically go to their neighbor's for help. However, there being a such thing as bad neighbors, asking another country whom the two have conflict with each other is probably not going to end well, or that one country who charges the poor country at a large expense.
6.2.4. Climatic Hazards
6.2.4.1. Hurricanes, droughts, volcano eruptions or soil erosion occurs in some countries (including developed countries) impact development. However, a hurricane or any one of these climatic hazards would not impact them negatively in terms of development as it would a developing country. A developed country is prepared for a climatic hazard rather than a developing country.