Unit 4.9 · Barriers to Economic Growth and/or Economic Development
Economic Barriers to Growth and Development
AO2
Syllabus Requirement
Factors such as rising income inequality, lack of infrastructure, low human capital, dependence on primary production, limited market access, capital flight, and poor geography.
Assessment Objectives
AO2Application and Analysis
Summary
This topic examines the economic barriers that hinder growth and development in countries, particularly in less economically developed countries (LEDCs). Understanding these barriers is essential for identifying ways to promote economic progress and improve living standards.