Discuss the failures of economic development of developing countries. What are the initiatives taken to bridge the North-South divide?

The economic development of developing countries has often been hindered by several factors, leading to failures in achieving sustainable growth. These failures are typically rooted in structural problems, insufficient resources, and external pressures, all of which create significant barriers to long-term prosperity.

One of the primary issues is the lack of infrastructure. In many developing countries, basic infrastructure such as roads, electricity, water supply, and healthcare facilities are either underdeveloped or entirely absent. Without this foundational support, economic activities are stunted, making it difficult for industries to flourish and for people to access essential services. This lack of infrastructure also deters foreign investment, which is vital for economic growth.

Another critical failure is the heavy reliance on agriculture and raw material exports, which makes these economies vulnerable to global market fluctuations. A large portion of the population ___ ___ ______ ______ _______ _________ ________ ____ ______ ___ ____.
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