<em>Underdevelopment</em> causes <em>hunger, disease, poverty, resource scarcity,environmental degradation, exploitation,exclusion,health problems,lower GDP, no education and lower standard of living</em> to citizens of less developed countries.Around 3 billion people of this world are facing underdevelopment.
The nations with underdeveloped people/society supply <em>cheap labour,and consumer markets</em> for the wealthy nations ,without which,according to Dependency Theory, they could not have the higher standard of living they enjoy.eg big companies like Nike,Adidas,Coca Cola,Pepsi etc have their factories in poor countries to enjoy cheapest labour and many a times young children below 14 years,to work for them,so that they may enjoy higher profits.
Based on the statistics by McGrady, the condition of American economy was really very worrying.
<h3>Who is McGrady?</h3>
McGrady is one of the loyalist, who was American former professional basketball player, that speak about the condition of the economy in US.
He gave a statistics that almost 11,000,000 people don't have a job which is worrisome.
Learn more about Lamar McGrady at
brainly.com/question/11352260
