Saturday, December 7, 2013

Evaluate the economic barriers to economic development in a country of your choice

Chad is an economically undeveloped African country. Its real gross domestic help production (GDP) is $15.8 billion US. With cosmos at more or less 10 million, Chad has a GDP per capita of around $1700 US. There are some(prenominal) barriers to the economic development in Chad, which include rotting, lack of root word, let loose GDP capita and over-dependence on the primary sector. Chad is one of the most bilk countries in the world. Its rottenness perceptions index is 1.8, with 10 being the least(prenominal) corrupted. The president of Chad is currently Deby, who is highly corrupted. Corruption often discourages investiture from ab passageway because of risk involved in investing in a highly corrupted country, which leads to affected growth. Ever since Deby was ordained president, the amount of foreign direct investment (FDI) has been falling. However, the extent of this depends on the fall of FDI as a percentage of GDP. It is likely that the corruption has led to misuses of funds and capital flight, which can lead to an physical body up in the levels of debt. There is around 550 km of coat roads in Chad, which has an area of 1.3 million km2 (21st in the world). Therefore, the road establishment is very express mail. Chad doesnt have a rail- dust; it relies on Cameroons rail-system for exports and imports.
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There is only one international airport in Chad with flights going to Paris and other African countries. The telecommunication system is very limited and expensive. Therefore, the lack of infrastructure in Chad has do it very difficult to import and export. Th is leads to an growing in transferee cost ! and thus overall cost increase as well. However, the extent of this depends on the effectiveness of the limited infrastructure. As mentioned above, Chad has a GDP per capita of around 1700 US. Also, 80% of the population live beneath the poverty line (less than $1 US per day). This means that the incomes are very low, which leads to low savings. According to the Harrod-Domar growth model, low...If you want to postulate a full essay, order it on our website: OrderCustomPaper.com

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