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Poverty cycle:
- low incomes
- low savings
- low investment
- low incomes
Institutional and political factors
- ineffective taxation structure
- lack of property rights
- political instability
- corruption
- unequal distribution of income
- formal and informal markets
- lack of infrastructure
International trade barriers
- overdependence on primary products
- consequences of adverse terms of trade
- consequences of a narrow range of exports
- protectionism in international trade
International financial barriers
- indebtedness
- non-convertible currencies
- capital flight
Social and cultural factors acting as barriers
- religion
- culture
- tradition
- gender issues
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Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the nature of Economic development?
nature of economic development
What aims to eliminate tariffs and other economic barriers?
Globalization
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
What is economic retrogression?
the development of economic
What are the barriers to development?
Some of the barriers to development include vices such as crime and drug abuse. When the greater population is struggling with drug addiction, they do not contribute much to economic development.
What is the greatest impact of mountanious terrian on Latin America's economic development?
they act as barriers to transportation.
What is the greatest impact of mountainous terrain on Latin Americas economic development?
Mountainous terrain in Latin America presents challenges for transportation and communication infrastructure, making it more costly to build and maintain networks such as roads and railways. This can hinder trade and economic activities, as well as limit access to markets and resources. Additionally, the rugged terrain makes agriculture and urban development more difficult, impacting the overall economic growth of the region.
What has the author J A Kregel written?
J. A. Kregel has written: 'Barriers to Full Employment' 'The theory of economic growth' -- subject(s): Economic development
Are there economic barriers in Afghanistan?
Afghanistan has economic barriers. There are very poor and very rich. Women face the most barriers to a better life as they have few options for income generation.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are three physical barriers to development?
asskan..
When negotiating economic policy what do U.S. diplomats usually seek to reduce?
Trade barriers
What are the nature of Economic development?
nature of economic development
What is importance of sociology in economic development?
Sociology plays a crucial role in economic development by examining how social factors such as culture, institutions, and social relationships influence economic processes. It helps identify social barriers to economic growth and development, and provides insights into how to address issues like income inequality, poverty, and access to resources for a more sustainable economic development. By understanding the social dynamics at play, policymakers and businesses can make more informed decisions to promote inclusive growth and development.
Which was not an economic effect of colonization?
Which of the following was not an economic effect of colonization? Global economic development
What aims to eliminate tariffs and other economic barriers?
Globalization
