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For a number of reasons:

  • political instibility
  • corruption
  • poor education provision (thus, lower productivity in the long run)
  • poor healthcare
  • poor infastructure (thus, deterring FDI, mobility of labour and costs of transport rise)
  • population issues (if population growth is greater than GDP growth, then GDP per capita will fall)
  • Foreign exchange gap (perhaps talk about current economic crisis and how the Mexican currency is being affected)
  • over dependence on primary products
  • protectionism by developed countries (affects LEDCs)
  • Debt (big issue)
  • Capital flight

Hope this helps!

Stella Sheriff

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13y ago

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