Question
Explain obstacles of economic development in developing countries.
Answer
- High population growth rate.
- Slow adoption to modern technology.
- Low savings and investment / low incomes.
- Inability to attract foreign investment.
- Poor political leadership / wars / conflict - political instability.
- Low levels of education / training / acquisition of skills / inappropriate education systems.
- Low exploitation of natural resources.
- Slow adoption to modern technology.
- Low savings and investment / low incomes.
- Inability to attract foreign investment.
- Poor political leadership / wars / conflict - political instability.
- Low levels of education / training / acquisition of skills / inappropriate education systems.
- Low exploitation of natural resources.
Related Topics