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BARRIERS TO DEVELOPMENT - Coggle Diagram
BARRIERS TO DEVELOPMENT
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The impact of poor levels of infrastructure, capital and technology
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Lack of physical capital
Without equipment and factories, LEDCs struggle to produce the range and quantity of products available from developed countries
Lack of technology
Without access to technology used by developed countries, LEDCs are significantly disadvantaged (this can be fixed through the foreign direct investment of technology and expertise by multinational firms)
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Low levels of education, health and life expectancy
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Rapid population growth
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leads to a problem of a large number of economically dependent people and a small percentage of economically active people