Yakub02
Banned
Developing countries are countries that are characterized with less rapid achievement and growth. Most of these countries can be found in the west african countries.
Headwinds that might serve as impediments for business people and business support service providers are itemized down
• Slow economic growth. Due to lack of basic amenities of life and shortage of qualified manpower to tackle the current global economic challenges , it may cause a retarding growth in the economy which will fall back on businesses.
• Insecurity & climate change. The high level insecurity in the life and properties of citizens is a serious project that African leaders are still battling with. Climate change is also having impacts on supply chain, food security and supply chain disruption as well as green commitments.
• Growing poverty. The over growing poverty among these nations is having negative effects on the economic decisions of individual to the extent that individuals are living below poverty level.
• Persistent budget deficits : Low revenue, high expenditure, wasteful subsidies and government inefficiencies.
• Rising Public debt. The debt incurred by the government and debt servicing without channeling the debt to facilitation of capital expenditure that will bring in more opportunities for the brilliant folks and technology savvy youth.
Headwinds that might serve as impediments for business people and business support service providers are itemized down
• Slow economic growth. Due to lack of basic amenities of life and shortage of qualified manpower to tackle the current global economic challenges , it may cause a retarding growth in the economy which will fall back on businesses.
• Insecurity & climate change. The high level insecurity in the life and properties of citizens is a serious project that African leaders are still battling with. Climate change is also having impacts on supply chain, food security and supply chain disruption as well as green commitments.
• Growing poverty. The over growing poverty among these nations is having negative effects on the economic decisions of individual to the extent that individuals are living below poverty level.
• Persistent budget deficits : Low revenue, high expenditure, wasteful subsidies and government inefficiencies.
• Rising Public debt. The debt incurred by the government and debt servicing without channeling the debt to facilitation of capital expenditure that will bring in more opportunities for the brilliant folks and technology savvy youth.
