Abstract:
This article examines the current status and characteristics of economic
development in developing countries, and studies some of the more mature and
lagging countries in developing countries.This article will use the Quantitative
Research type and then process its data. The purpose of this thesis is to identify
four critical factors affecting the economic growth of the developing country,
Indonesia.Not only Indonesia, but more than 200 countries in the world are
developing countries, there are many like China that is about to enter developed
countries. Various social problems in developing countries have made it
impossible to take their economies closer, resulting in low per capita income, low
living standards, and a large gap between the rich and the poor; excessive
dependence on agricultural production and the export of primary products. The
economic development of developing countries is facing a lot of problems. There
are also many differences in economic development models. Developing countries
want to realize their economic growth, but also rely on the advantages of
economic globalization, and determine development strategies based on their
development status. The conclusion in this regard is that we need to
comprehensively accelerate the reform of these countries on import and export,
inflation, education, and health, and improve the comprehensive competitiveness
of developing countries' economies in international financial markets.
