Th4.3: Factors Influencing Growth and Development Flashcards
1
Q
What are the first four economic factors influencing growth and development?
A
primary product dependency
volatility of commodity price
savings gap
foreign currency gap
2
Q
What are the second lot of four economic factors influencing growth and development?
A
capital flight
demographic factors
debt
access to credit and banking
3
Q
What are the final three economic factors influencing growth and development?
A
infrastructure
education/skills
absence of property rights
4
Q
What are the four non-economic factors influencing growth and development?
A
corruption
diseases
poor climates and geographical terrain
civil wars
