In order for us to understand the stages of a developing country, we must first learn what economic growth is. It is the steady process of increasing productive capacity of the economy and hence increasing National Income. There are five stages in which a society evolves: the traditional society - where output per head is low and agricultural work is prominent; the Prerequisite stage to take off - in which the traditional system is over come and the foundation is set for science and technology; the Take off stage - where all resistance to change are over come; the Drive to maturity - in which new industries are developed and net exports become positive; and finally the Mature stage - in which there is

Our heavy reliance on the tourism industry has also been placing our country at high risks as the perpetual vissicitude of our West Indain climate is unpredictable ; thus our tourism industry is liable to be destroyed at some point of time. What is even more destructive to our society is the fact that our population is very small - approximately 250,000 - and within this mall population is the pervasiveness of "brain drain" activities. It is the high opportunity cost of foregoing a job in the United States that has persuaded many of our Belizean students to remain in the U.S after completing their studies. Nevertheless, I do not blame these individuals as our society is concentrated entirely on the elite population and individuals below them are left without a job and an opportunity to access loans and start a new business simply because of their economic and political situations.

Nevertheless, despite the presence of these factors, the 1st World Countries have created certain organizations and banks in an attempt to facilitate the easy transition for developing countries such as Belize. Their efforts in bridging the gap between those with the haves and those with the haves not can bee seen in the United Nations Conference on Trade and Development in 1979, the Gatt Agreement, Caricom, World Bank, and the United Nations. For Belize to develop economically, we must ensure that the policies we propagate are in an attempt to relinquish poverty, increase our population and to facilitate our entrance in the world of technology. Thus our pursuit towards economic growth is in our reach. This is to say that we must acknowledge the fact that there are problems to be dealt with in the world today, an

Some common words found in the essay are:
National Income, West Indain, San Pedro, Haiti Keith, Karl Marx, Belizean Government, Nations Belize, World Countries, , economic growth, Trade Development, tourism industry, united nations, nevertheless despite, unemployment rate, labor force, country belize, developing country, economic political,
Approximate Word count = 1149
Approximate Pages = 5 (250 words per page double spaced)