What are the main roadblocks to poor countries making progress economically? How do you get around them?

Answer 1

Bad education systems, drugs, transportation, etc.

Probably with foreign intervention for education, roads, and food.

Answer 2

Your answer is just south of the border: Mexico.

One word can explain why Canada is rich and Mexico is poor: corruption!

Mexico has everything it needs to be very prosperous: a young work force, good climate, strategic geographical location, seaports, vast natural resources (copper, oil), big agriculture, fishing, mining, etc. Corruption is what keeps Mexico poor. Unless laws are enforced, and you have an honest judiciary and police system, nothing gets accomplished without an intricate series of bribes or evasion of the law.

Property rights aren't enforced. The legal system is incredibly corrupt, all the way up to the top. Taxes are not shared well. Rich people can easily get off with paying a pittance.

Free market principles are callously discarded. There are huge obstacles to starting and maintaining a properly run business.

In Africa, the farmers are poor because the West so heavily subsidizes its farmers, so Africans can't compete. They are at a huge disadvantage.

Also, some poor countries have a hard time obtaining IMF (International Monetary Fund) loans. Other countries are paying off old debts, so their economy is heavily burdened. They don't have any available funds to fix infrastructure like roads, bridges, seaports. In the West, we take these things for granted, but in developing nations, a new road can be the single most important improvement the government can make.

To get around these obstacles, the governments need to adhere to many internal governmental reforms: banking laws, ensuring an honest judiciary, a non-corrupt police force, etc. Also, these countries can make very small loans to small businessmen. A good economy does not have to depend on massive companies springing up.

Answer 3

Depends which country you are talking about, but in general the same thing that blocks everyone from economic progression. Capital. It takes money to make money.

Answer 4

Dictators, tyrants, and warlords.

Lack of:
1 private property rights
2 lack of free markets
3 lack of rule of law.

The way to get around them is to realize that those are the problems and that foreign aid, rock concerts, and anti-globalization don't solve a darn thing.
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