Uganda and Australia Economic Comparison

Conducting Business in the UAE
October 27, 2022
Effects of Financialization
October 27, 2022

Uganda and Australia Economic Comparison

INTRODUCTION

This essay will reflect a comparison between the poor nation of Uganda and the wealthy nation of Australia. Differences between a poor nation and wealthy one both depend on on the same factors which include: Infrastructure, exports, imports, education, GDP, population, and etc. These factors is what basically makes or breaks a country. Aspects like nutrition and health depend on these factors because it’s what makes available resources and funds to be able to afford the necessary equipment and supplies to sustain a healthy nation. What makes a nation wealthy doesn’t solely depend on the money aspect, but the benefits of being provided opportunity to allow a country to grow and have economic stability. Throughout this essay I will describes current events that Uganda is facing compared to Australia whose information provided is more general. The difference is significant because of lack of opportunity that Uganda has been provided.

GDP

Gross Domestic Product of a country depends on several things. All of which can be at different levels within the country. GDP depends on education status, exports, imports, infrastructure, government spending, and investment. According to the World Bank source, Uganda’s GDP in 2012 was 19.88 billion USD. Australia’s GDP is 1.521 trillion USD according to the World Bank. It is quite clear to see the difference between these two countries GDPs. Australia is more advanced than Uganda in many aspects. Uganda is labeled one of the poorest countries because it hasn’t been able to come above the poverty line. In order to make money there must be money that has to be spent. There isn’t much income within the country of Uganda, so the steps that this country takes to try to create stability are very careful steps.

INFRASTRUCTURE

Infrastructure can be a road, building, or substantial physical supplies that help in the improvement and advancement of a society, community, or country. Uganda is quite a poor nation and several years ago a program was established to produce a number of roads to better the transportation in Uganda communities. One of their biggest problems were the lack of access to transportation to improve the agricultural aspect of Uganda.

Get Help With Your Essay

If you need assistance with writing your essay, our professional essay writing service is here to help!

Essay Writing Service

‘..the lack of access roads in many rural communities made it extremely difficult for farmers to market their produce. This limited farmers’ productivity, contributed to their apathy about technical innovations, and burdened traders in rural areas with high transaction costs. Farmers received lower prices as a result. In addition, farmers lacked reliable, up to-date information on market prices, and were largely unaware of potentially profitable market opportunities.” (Uganda: Community Agricultural Infrastructure Improvement Programme, pg. 6) The above statement states the problems that those in Uganda were having. For a country to have a better GDP, problems like this should be fixed. Uganda’s infrastructure is low and needs to be improved.