Unit 4.9 Barriers to economic development

IB Economics: Unit 4.9 Barriers to economic development

textEconomic barriers:Geographical barriers:Political / social barriers:Economically Less Developed Countries (ELDCs) face a range of challenges that make it difficult for them to achieve sustainable economic development. These barriers can be categorised in three ways:The economic barriers to developments are focused on the supplied side of the economy and the challenges ELDC’s face in terms of increasing potential...

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