Comparing Economys of High and Low Human Development
... First, the high human development countries: The United States is noted for having the most technologically powerful (computers, medical, aerospace, and military) economy in the world. ... Some of these problems include, but are not limited to, an increase in foreign debt, low family income in the lower classes, and increased medical costs to the elderly. ... Now, the low human development country’s: Bangladesh is one of the world’s most poorest, highly dense (population), as well as least modernized country’s. ... However, in 1998, low oil prices plagued the economic recovery. ... High levels of grain imports were in demand after a decline in the production of food crops in the 1980’s. ... In comparing the high human development countries with that of the low human development country’s, it is important to put into consideration the role of colonialism (the policy of acquiring or maintaining colonies). ... Those countries in the high human development category produce larger numbers in the total size of the economy because of the sectors in which their economy is comprised. Modernization, climate, population growth (with regard to availability in the labor force), and government intervention, seem to be the most important factors when comparing the economic performance.