Abstract
Developing countries often grapple with the dual challenges of overpopulation and the vicious cycle of poverty, despite being rich in human and natural resources. This paper examines the critical factors contributing to the underutilization of the energetic population in these regions and the persistent economic hardships, including extreme poverty, starvation, and mismanagement of resources. The study proposes adopting the guidelines outlined in the Theory of National Efficiency Index, which could facilitate a significant transformation from developing to developed nation status. The model incorporates several key assumptions: declining educational standards due to poorly equipped universities, a lack of substantial scientific inventions, increasing medical tourism due to inadequate healthcare facilities, poor living standards, widespread malnutrition, and inadequate environmental protection. The mathematical representation of the model quantifies national efficiency based on these variables, offering a framework for evaluating and improving the effectiveness of national development efforts. By addressing these issues through targeted reforms, developing nations could accelerate their progress toward economic stability and sustainable growth.
Presenters
Tope Mathew OluwajemiluaStudent, Ph.D Economics, University of Madras, Tamil Nadu, India
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
Economic, Social, and Cultural Context
KEYWORDS
EFFICIENCY, POLICY, DEVELOPING, NATIONAL
