What factors explain why many low-income countries are not catching up with high-income countries? Question 23...
What factors explain why many low-income countries are not catching up with high-income countries?
Question 23 options:
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Failure to enforce the rule of law. |
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Private property rights. |
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Wars and revolutions. |
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Poor education and health systems. |
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Low rates of saving and investment. |
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An independent court system. |
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Central banks. |
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The incentive to make money. |
Homework Answers
Failure to enforce the rule of law.
Wars and revolutions.
Poor education and health systems.
Low rates of saving and investment.
Explanation: Private property rights, independent court system, central banks, and the incentive to make money are important factors in promoting economic growth. The other factors inhibit economic growth.
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What factors explain why many low-income countries are not
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