5 Major Obstacles to Economic Growth | Economics

The following points highlight the five major obstacles to economic growth. The obstacles are: 1. Interlocking Various Circle 2. Population Problems 3. The Difficult of Adapting Western Technology 4. Lack of Preparation for an Industrial Revolution 5. The International Context. Obstacle # 1. Interlocking Various Circle: Rapid economic growth is an historical abnormality. Therefore, any overall approach to development must [...]