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Barriers to Development - Coggle Diagram
Barriers to Development
Gender inequality
Less labor force
More one-sided policies lead to less efficient work
Men still being paid more than women
Less work opportunities for women compared to men
Weak institutional framework
Legal system and property rights
Less incentive to create and innovate
Less registered work
Banking system
Poor timing for interest
Worse loans to firms
Ineffective taxation structure
Heavy taxation that disencourages work and entrepreneurship
Inheritance tax that kills off family businesses
Lack of good governance and corruption
Some people will have more power than others, leading to biased opinions/policies, etc...
Policies tend to favor the rich
Civil Wars and unrest
foreign intervention
lack of independence
dependent on the will of others