Ch 30 - Barriers to Development 

________ cause a major drawbacks to money borrowed previously.

________: is the movement of large sums of money out of a country as a reaction to political or economic instability.

________ can be a barrier to growth and development for a number of reasons.

________ (poverty cycles): any linked combination of barriers to growth and development that forms a circle, thus self- perpetuating unless the circle can be broken.

________ for commodities and price elasticity of supply commodities to be relatively inelastic.

dishonest exploitation of power for personal gain

those surrounded by other countries with borders, trade less and have slower growth rate

tax revenue provides governments with means of finance

corruption, political instability, unequal political power

• legal systems and property rights

• right to own assets

• right to sell, benefit from, and establish assets

• ineffective tax structure

• banking system (rival banks in different countries)

tax revenue provides governments with means of finance

is a process that creates growth, progress, positive change or the addition of physical, economic, environmental, social and demographic components.

any linked combination of barriers to growth and development that forms a circle, thus self-perpetuating unless the circle can be broken

is the movement of large sums of money out of a country as a reaction to political or economic instability