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Factors for Economic Development

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Factors for Economic Development

So this is a ridiculously vague question, but can anyone suggest factors that affect economic development i.e geographical location?

I am writing an essay on the growth of Bretagne's economy since the 1950s and have only come up with that one point! Oh dear.

Help anyone?

Reply 1

Stikks

Local or global economic development?

Some quick ideas are...
Local:
Level of corporate control
Accesibility
Human capital
Sectoral specialisation
Government protectionism/intervention
Access to intermediate markets
Access to information

Global:
Political instability
Human capital
Income inequality
Government spending
Terms of trade

Plus the fact that economies have the tendency to converge over time...