What are the limitations of balanced growth?

The limitations of balanced growth:

• The strategy of balanced growth is away from the resources of most poor countries;

• Government planning results within government failure that is government intervention into the market fails to bring about an efficient provision of resources for example planning process makes a bureaucracy. For a complete discussion notice why state approaches are sometimes seems as unsuitable for promoting development.

• LDC development policies considering onto import substitution, agricultural self-sufficiency as well as state control of production yield poor growth.