Economics · Unit 4: The global economy

EC4.9 — Barriers to economic growth and/or economic development

Economics · SL / HL · syllabus-mapped notes

1. EC4.9.1

   Poverty traps/poverty cycles

   Explain how a poverty trap keeps low income and low investment reinforcing each other.

2. EC4.9.2

   Economic barriers

   Explain the economic barriers to development, from inequality and weak infrastructure to low human capital and capital flight.

3. EC4.9.3

   Political and social barriers

   Explain the political and social barriers, weak institutions, gender inequality, corruption and unequal power.

4. EC4.9.4

   Significance of different barriers to economic growth and/or economic development

   Evaluate which barriers matter most, and why that differs between countries.