Moreover, market imperfections results factor immobility, under-utilisation of resources and thereby abstract sectoral expansion and the process of development.
This is amply clear from his following observation: Most of the underdeveloped countries are facing the problem of political instability resulting from frequent change of government, threats of external aggression and disturbed internal law and order conditions.
It embraces all aspects of social behaviour, the establishment of law and order, scrupulousness in business dealing, including dealings with the revenue authorities, relationship between the family literacy, familiarity with mechanical gadgets and so on.
In its course of development religion has supported and promoted evil practices such as cannibalism, slavery, untouchability, human and animal sacrifice etc.
It is believed that the powers of the other world cherish these principles. It can also be argued that, while religion may play a part in ideological struggles against colonialism as in Iranin the long run modernisation of society brings about secularisation.
Universal education must be relevant to he true needs of a community and contribute to the unification of mankind, in such a way that it will enable the people to move in the direction of their own chosen field and help them appreciate those universal qualities that distinguish the human race Saheed, Religion in this sense is the organisation of faith which binds human beings to their temporal and transcendental foundation.
Vicious circle of poverty is considered as one of the major constraints or obstacles to the path of economic development of the underdeveloped countries. Underdeveloped countries are suffering from backward social factors.
Mixing of more than one form has caused development of new religious organisation.
Removal of market imperfections can accelerate the pace of capital formation and can also widen the scope of capital and money market in these countries. As the primary schools and their products multiplied, secondary schools were established to satisfy the demand for higher education.
The people of a country must desire progress and their social, economic, legal and political situations must be favourable to it. Again, the long-term constraints include infrastructural bottlenecks, financial constraints etc.
It may also bring upon him the disfavour of the supernatural powers. There are certain holy or sacred elements of religion.
All these criticisms are formidable indeed. However, the like of Max Weber, an eminent sociologist of early 20th century was of contra opinion. This movement is sometimes referred to as secularisation.
The share of total labour force engaged in industrial sector varied between 40 to 58 per cent for almost all the countries excepting erstwhile USSR and Japan, as these countries entered lately in the field of industrialisation. The role of religion towards creation of job opportunities in Nigeria.
The Role of Religion in Nigerian Economic Development Religion has contributed much to development of human race, and it will be totally absurd to ignore the contributions of religion, especially Christianity and Islam.
But before religion can be abolished the conditions which nurture it must be done away with. Magic supplied the roots of observation and experimentation from which science developed.
Man unites himself with the infinite and feels ennobled. This movement is sometimes referred to as secularization. It means that religious belief and practices have tended to decline. In Yoruba land, for instance, the god of smallpox shoponna had a strong hold on the people which took western medicine, specifically vaccines to break.
This is derived from two root words. Their knowledge is extended, their imagination is stimulated, new desires are aroused, the propensity to consume is shifted upward.
Any effort put forward towards the development of these determining factors would amount to stirring the economy towards development. Another important obstacles or constraints to the path of development of underdeveloped countries are its inefficient agricultural structure.
The religious sector in Nigeria is also involved in establishment of higher institutions, to enhance government effort towards educational development.
In order to formulate and implement economic planning along with a specific policy for economic growth, the government must be strong and efficient one, capable of maintaining internal law and order and defending the country against any external aggression.
Even today, traditional Muslims face religio-ethical problems concerning interest-taking.
Thus the underdeveloped or developing countries are facing several constraints or obstacles to its path n economic development. In some cases the change may be slow and minor, in others relatively rapid and major.
Obstacles or Constraints on Economic Development:. 1. Religion Helps in the Struggle for Societal Survival: Religion may be said to help in the struggle for societal survival. Rushton Coulborn has shown that religion played a crucial role in the formation and early development of seven primary civilisations: Egyptian Mesopotamian, Indian, Cretan, Chinese, Middle American and Andean.
Marxism perhaps gives too much importance to economic development failing to broaden itself to include cultural development and transformation in society during capitalism development, this cultural development is linked to increased rationalism which is embedded in human nature and the increased individualization of the individual which is a process which greatly influenced the development of.
Religion, Politics, and Development Essays in Development Economics and Political Economics Erik Meyersson This thesis consists of three essays in development economics and religious expression, such as the headscarf ban in public institutions, raise barriers.
HASS/Business school Pre Entry Access Course Economic Essay Juan Carlos Sanjuan Zamudio 16/11/ Tutor: Ms. Jacqueline Gildea This essay explains the strengths and weaknesses of the GDP as an indicator of economic activity.
It describes the meaning of the abbreviation and what it. Religion and Economic Development - A study on Religious variables influencing GDP growth over countries Wonsub Eum * University of California, Berkeley Barro and McCleary has been working and publishing papers on possible relationship between religious variables and economic growth.
In Economic growth among countries (), they. Religion and Economic Development Course Syllabus DRAFT Edward P. Antonio Course Description This course is an introduction to and an exploration of the relationship between religion and economic.Religion economic development essay