Economic Backwardness
Economic backwardness refers to a situation where a country or region lags behind others in terms of economic development, industrialization, and overall living standards. This can be characterized by low levels of income, limited access to education and healthcare, and inadequate infrastructure. Factors contributing to economic backwardness may include historical events, political instability, and lack of investment.
Countries experiencing economic backwardness often struggle to compete in the global market. They may rely heavily on agriculture or raw material exports, with minimal diversification into manufacturing or services. Addressing these challenges typically requires targeted policies, investment in education, and improvements in governance to foster sustainable growth and development.