The government should discourage the monopolistic associations and should protect the interest of the consumer, Govt. Corrupt and inefficient administration should be removed. The professionally qualified persons should be appointed in the financial institutions and in the planning sector. effective measures should be taken to reduce the population pressure. In India and Pakistan rate of population growth is high. In the less developed countries high birth rate is the main cause of low per capita income. But they should adopt the technology according to their requirements. The developing countries can increase the rate of development by adopting suitable advance technology in various sectors of the economy. Because investment in various sectors at the same time can provide market and a source of a supply for another. The less developed countries should adopt the balance growth strategy to remove poverty. New projects should be started to increase the rate of employment. It will improve the saving and purchasing power of the people. The government should increase the job opportunities in the country. All the raw material should be used in these industries, instead of exporting raw material on lower rates. Due to low yield of wheat it has imported many times to meet the needs of the country.Īgriculture based industries should be established in the less developed countries. To increase the per acre yield government should expand the credit facilities to the farmers. ![]() The developing countries should produce substitutes of imports in side the country to save the foreign exchange. We should increase the exports of manufactured goods instead of primary commodities. We should increase our exports to make our balance of payment favorable. New and attractive savings schemes should be introduced. The government of less developed countries should provide incentives to encourage the rate of savings in the country. ![]() The government has also given incentives to the private sector to promote the rate of development in the country. The less developed countries should encourage the private sector to increase the rate of investment in the country. The policy of self reliance should be followed for financing development projects. The heavy reliance on foreign aid and its repeated suspension, delay and breach of agreements have created multiple problems. The less developing countries should reduce their dependence on foreign aid. By proper use of resources we can increase the production and per capita income of the country. The developing countries can achieve rapid economic growth by making the efficient use of natural resources. If the under developed countries adopt the following policies, they can remove the obstacles and can break the vicious circle of poverty.
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