How open and honest the government of a state is to the citizens within it.

Factors Affecting Development

The non elected officials within a government, too much may infer an inefficient or corrupt system

The responsibility of the government to act in the best interests of the people and to be held accountable (responsible) for their actions.

When you have a stake in something that may affect your independence and decision making, e.g. a politician may have a stake in a company they award state contracts to.

Problems with accessing basic resources or a limited amount of naturally occurring resources within a state.

Basic facilities that make a state run; roads, rail, schools, sewerage management etc.

The ability of business to secure loans or investment in order to grow.

The investment by a foreign entity in a business or state enterprise in another state.

Part of the economy that may remain untaxed or unregistered, either due to legal reasons or that it is not monitored. Sometimes known as the grey market, e.g. Street food in Thailand

Belief systems that may be aligned across a culture, in the case of development these may inhibit a country economically e.g. not allowing one gender access to work or socially e.g. having traditions that would affect a states HDI rating.

Study with Quizlet and memorize flashcards containing terms like Transparency, Bureaucracy, Accountability and more.

Factors Affecting Development Flashcards

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