Quick Answer: What Is The Biggest Obstacle To Country’S Growth And Development?

How does rapid population growth affect economic development?

In under developed countries, rapid growth of population diminishes the availability of capital per head which reduces the productivity of its labour force.

Their income, as a consequence, is reduced and their capacity to save is diminished which, in turn, adversely affects capital formation..

What is a development gap?

The development gap refers to the widening gap between the richest (most developed) and poorest (least developed) countries of the world. Development in this sense can be referred to as either economic development where the county has an increase in wealth, or human development where quality of life is improved for the …

Is the biggest obstacle to country’s growth and development?

A country’s poverty is itself a major obstacle to growth and development. Because a country is poor, it cannot develop. … And because it cannot develop, it remains poor. In fact, low per capita income is both the cause and the effect of poverty, as Fig.

What are the factors affecting development of a country?

Factors that Influence the Economic Development of a Country1) Capital Formation:2) Natural Resources:3) Marketable Surplus of Agriculture:4) Conditions in Foreign Trade:5) Economic System:1) Human Resources:2) Technical Know-How and General Education:3) Political Freedom:More items…

What are the 4 factors of economic growth?

Economic growth only comes from increasing the quality and quantity of the factors of production, which consist of four broad types: land, labor, capital, and entrepreneurship. The factors of production are the resources used in creating or manufacturing a good or service in an economy.

What are the factors affecting economic growth and development?

Factors affecting economic developmentLevels of infrastructure – e.g. transport and communication. … Education. … Levels of inward investment. … Levels of savings/capital In growth models, such as Harod Domar, levels of savings and capital are seen as a key factor in determining economic growth.Jun 5, 2019

What are the barriers to sustainable development?

Political barriers: Inadequate economic, social and environmental methods for policies, plans and projects are the major barrier combating the implementation of sustainable development.

What are major obstacles to economic development for developing countries?

There are various obstacles to economic development among them; geography and climate, poverty, over-population, poor education and healthcare, international policies, inflation, war, meagre (natural) resources and migration.

What are the obstacles in development of developing countries?

Many also face challenges emanating from high population growth rates, often high illiteracy rates, ethnic and religious conflict, outdated traditional education systems, and political cor-ruption.

What factors affect the growth and development of a country?

Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas.

What are the barriers to development?

Savings gap; inadequate capital accumulation. Foreign currency gap and capital flight. Corruption, poor governance, impact of civil war. Population issues.

What are the challenges of development?

Improvements in material living standards; income, consumption, employment, savings and investment; food security; income and wealth distribution; poverty reduction, environmental protection. Equitable economic growth; empowerment; governance; change in formal and informal rights and social and economic relations.

What are the social impacts of growing population?

Social Infrastructure: Rapidly growing population necessitates large investments in social infrastructure and diverts resources from directly productive assets. Due to the scarcity of resources, it is not possible to provide educational, health, medical, transport and housing facilities to the entire population.

What are the impacts of population growth?

Irrigation, for example, uses per calorie less land but more water, fertilizer, and/or capital. The variation of land quality also interacts with development. Population growth increases food demand and therefore the demand for agricultural land.

What are the 7 barriers to communication?

Barriers to Effective CommunicationPhysical Barriers. Physical barriers in the workplace include: … Perceptual Barriers. It can be hard to work out how to improve your communication skills. … Emotional Barriers. … Cultural Barriers. … Language Barriers. … Gender Barriers. … Interpersonal Barriers. … Withdrawal.More items…

What are the positive and negative effects of population growth?

However, many believe population growth has positive effects on societies. These include economic benefits such as expansion of tax bases and increased consumer spending at local businesses, as well as innovations by cultures seeking to keep up with growing populations.