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What are the internal constraints on government action less developed countries?
Internal Constraints on Government Action LDCs:
• Have restricted domestic resources to accelerate the development of their country
• Within a democracy, the authority of a government to pass laws, its permission - comes from containing won an election that permits say up to 5 years into power. To succeed re-election governments may obey policies popular along with the electorate for example price limits on essentials.
• Recent government budget, the size of the foreign debt and national debt and capability to meet interest payments constrain action.
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hi
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What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
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How can trade agreements assist development? A trade agreement is while two or more countries to by decrease or abolish tariffs, non-trade and quotas barriers which are establ
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