Introduction Development Economies Essay Example | Topics and Well Written Essays - 1000 words

Introduction Development Economies - Essay Example Inequality in Human Development Index (HDI) is masked in the human development distribution across the population at the country level. The HDI value of Senegal is 0.470. However, when discounted for inequality, the value reduces to 0.315. This equals a loss of 33% as a result of inequality in distribution of indices of dimension. Uganda and Senegal indicate loses as a result of inequality of 34.2% and 33.9% respectively. The average loss resulting from inequality for Sub-Sahara Africa is 35% and 35% for low HDI countries. ii) Over the last two decades, the GII of Senegal has resulted to a loss in human development following the inequality between achievements made by males and females in the three dimensions of GII. Question 2 i) Poverty level in Senegal is high. Over the past 25 years, the GDP per capita has been declining. Citizens of Senegal spent lots of their money on necessities of life, such as food. The UNDP, an organization which classifies countries according to their scor e in the HDI, estimated that 52% of Senegalese household consumption is food unlike in the U.S, where food averages to 8% of household consumption. ... Due to poor land management, Senegal has experienced and degradation, which has been worsening in the recent years. This has, in turn, increased poverty levels in the country. Education, drinking water, medicine, transport and energy are also major problems in some parts of Senegal. Diseases like malaria, AIDS and cholera are widespread in Senegal thus increasing the cost used on medicine. This raises poverty levels of the country. With regard to human resources, Senegal has a high rate of unemployment and under-employment. The ratio of the employed and the unemployed people is one to five. This suggests that there is high dependency rate, which is one of the issues that impact pressure on working individuals whose chances of falling into monetary poverty becomes high. Highest percentage of unemployment is experienced in rural areas which make the youths and active women to migrate to towns. Since illiteracy levels are high in rural areas, people largely rely on Agriculture as their main economic activity which is, unfortunately, prone to natural hazards like drought. Highest rates of unemployment are found among young graduates. Compared to Senegal, poverty levels in Cote d’Ivoire and Uganda are higher. ii) In the recent 20 years, there has been poverty evolution in Senegal whereby the country has been involved in war against poverty. Over the years, the social and economic policies were prepared to put lots of strain in the labor market, education and health structures, urbanization and low and erratic economic growth. The state has been ensuring that the microeconomic framework is stable by reducing external imbalance and containing public deficit with the aim of raising the living standards of the citizens. There has been trade