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4.3 Role of Domestic factors (income distribution (making growth inclusive…
4.3 Role of Domestic factors
education and health
investments in human capital
increased employability
labour productivity
positive externalites
higher pay = improve SOL
credit and microcredit
disadvantages
lack the skills to start a business
unable to repay loans
no access to poorest who need it most
860 NGOs helping but far too little
CHINA'S MICROCREDIT SCHEME 2012
advantages
start a small businsss
increase human capital
empowering women
fewer children
increase amount of labour
even higher LT productivity and op
allow their influence in politics
income distribution
making growth inclusive
increased consensus among population
decreases crime and corruption
no obstacles to businesses
no distortion of efficiency
accelerate savings
more investment
greater demand for local g+s
appropriate technology
capital intensive
physical capital e.g. machines
jobless growth
increases efficiency
does not improve SOL
labour intensive
relies on workers
largely in LEDCs
increase N+ and Y
escape the poverty trape