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How does social capital influence development?
Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Developed Countries) lack social cohesion. As example like:
• A lack of trust in between Christian and Muslims into Nigeria means a fall into output, less educational and lower incomes opportunity for all.
• A major purpose for South Africa making a successful transition through apartheid is the efforts made through the government to encourage social inclusion and integrate white and black South Africans into one nation Implications that social capital should be in place before growth can arise.
What are the implications of Environment in Economic Growth? Implications of Environment in Economic Growth: Only government can suppose liability for protecting natural res
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Draw a Supply or Demand Diagram A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
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Explain critics of the International Monetary Fund argue. Critics of the International Monetary Fund (IMF) argue: • The IMF is suffering through mission creep and requiremen
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law of demand
what is reasoa
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