Significance of Different Barriers
Barriers to Economic Growth and/or Economic Development
AO3
Syllabus requirement
Evaluates the relative importance and interaction of various barriers to growth and development across different countries and contexts.
Assessment objectives
AO3 Synthesis and Evaluation
Summary
This topic explains how different economic, political and social barriers — such as weak institutions, limited access to finance, gender inequality and corruption — can restrict economic growth and development. It emphasises that these barriers often interact and reinforce one another, so policy that addresses their connections tends to be more effective than treating each barrier in isolation.