Restrictive Factors for Economic Growth in Developing Countries

Restrictive Factors for Economic Growth in Developing Countries

Bucur Ion (Petroleum Gas University of Ploiesti, Ploiesti, Romania) and Bucur Cristian (Petroleum Gas University of Ploiesti, Ploiesti, Romania)
Copyright: © 2013 |Pages: 8
DOI: 10.4018/ijsem.2013100105
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Abstract

Economic growth reflects the ability of an economy to produce more goods, in the structure and quality demanded by consumers. Growth influence decisive the existing living standard in a country. Developing countries are characterized in a greater extent than developed countries by insufficient financial resources designed both to increase the volume of investment resources and their efficient use. Increasing economic resources requires investments and lead to increased production.
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2. Inadequate Or Underutilized Natural Resources, Inefficient Agriculture And Poor Infrastructure: Restriction Of Economic Growth

The possession of natural resources by a country is a contributing factor of economic growth. Absence of natural resources or inefficient use increase the cost of growth.

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