What are the recent economic developments and challenges facing the developing country?

Economic developments are mainly related on macroeconomic policies, private sector dynamism, export regime in order to close the gap with import, step up the training efforts on labor force, educational reforms, monetary policy. Developing countries facing the challenges mainly for the following; - Labor market reforms - Educational reforms - Natural resource regime - Energy regime - Justice - Encouragement of private sector All above are the key factor for the development and many developing countries are facing those challenges.

§To consider the assumptions underlying the macroeconomic forecast

 

-        To consider  wel the tool for  development Budget preparation.

-     To focus on the   Involvement of  the private sector as important actor in comprehensive development

-       Identifing  indicators with directives of development strstegy.

-        Recognizing agriculture and all the avaluable resoures as the main factor in the GDP growth 

-        Considering the technical and vocational education as important mechanism for development strategy.

-        Assurance of development policies aiming to create job opportunities at regionals  level.

-        Subsidize poor regionals to implement the development strtegy

In the recent years developing countries were growing much faster than developed countries and in the next years this process will accelerate. On the other hand there are a lot of problems across these countries, some of them I present below. The biggest challenge for developing countries is to assure sustainable development in the long run and this could be transformed into new foreign investments.

Problems to solve in developing countries:

- energy safety (diversify the supplies)

- food and water supplies (access to clear water and proper quality foods is still a problem)

- natural disasters (earthquakes, floods, storms, etc.)

- structure of the export (don't be only the exporter of raw materials or natural resources)

- structure of the job market (high unemployment rate, create jobs in the country, improve the know-how, don't be only the service provider or low-cost producer)

- political issues (political unrest, bureaucracy, corruption, terrorism)

- currency wars (developing countries are very sensitive, most of them don't have the reserves on required level "to try" to protect the currency)

- environmental issues (decreasing the air, ground and water pollution)

- underfunded education system (illiteracy is still a problem)

I agree with Armagan Kemalettin Acat on his answer but I want to add more about challenges that facing the developing countries such as health care, food and water is a basic need, increase in growth population leads to unemployment and affect on GDP per capita