Jan 30 2008

IB Econ research assignment – Wed, Jan 30 in class

Published by at 9:03 am under Uncategorized

Barriers to Economic Development:
For ONE of the developing country’s you’ve chosen, research the extent to which the following institutional, political, international trade, and international financial barriers hinder its economic growth and/or development:

Institutional and Political Barriers:

  1. lack of provision of education and health care
  2. the extent and quality of infrastructure
  3. poor financial services/banking system
  4. absence of sound legal system
  5. lack of political stability
  6. extent of corruption

International Trade Barriers:

  1. overdependence on primary products
  2. adverse terms of trade
  3. narrow range of exports
  4. Protectionism in international trade

International Financial Barriers:

  1. Indebtedness
  2. Capital Flight
  3. Non-convertible currencies

About the author:  Jason Welker teaches International Baccalaureate and Advanced Placement Economics at Zurich International School in Switzerland. In addition to publishing various online resources for economics students and teachers, Jason developed the online version of the Economics course for the IB and is has authored two Economics textbooks: Pearson Baccalaureate’s Economics for the IB Diploma and REA’s AP Macroeconomics Crash Course. Jason is a native of the Pacific Northwest of the United States, and is a passionate adventurer, who considers himself a skier / mountain biker who teaches Economics in his free time. He and his wife keep a ski chalet in the mountains of Northern Idaho, which now that they live in the Swiss Alps gets far too little use. Read more posts by this author

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