Thursday, December 31, 2009

question 6

Describe barriers to growth for LEDC's ?

Barriers to economic growth exist in LEDC's, which are poorer countries that have found it difficult to grow, and these barriers act as a restraining force for business that want to expand overseas. some barriers that make it difficult for a country to achieve economic growth are found when a country had a lack of infrastructure, which is communication and transport networks such as road systems, schools, hospitals, housing and basic electricity.

a lack of technical knowledge and labour force can also act as barriers for a country. if there is a rapid population growth the country will find that there are too many people to feed. when a country suffers from high foreign debt repayments it is left with very little money for domestic investment and growth.

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