Barriers To Economic Growth

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BARRIERS TO ECONOMIC

GROWTH
BARRIERS
1. Lack of democratic outlook
2. Absence of human relation outlook
3. Increased social and spatial division in cities
4. Corruption and nepotism
5. Lack of security
8. Unfavorable working condition
9. Immoral behavior of trade union
10. Intervention of political leaders
12. Avoiding tendency to welfare activities
13. Poor infrastructure
14. Human capital inadequacies
15. Primary product dependency
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BARRIERS (…continued)

17. Savings gap; inadequate capital accumulation


18. Foreign currency gap and capital flight
19. Lack of coordination within and between different levels
20. One-sided and short term project focus prevents a long term
approach
21. Insufficient support for research, learning and pilot projects
22. Lack of suitable business models
23. Conservative public procurement rules
24. Lack of employment opportunity
25. Poor quality educational system
26. Political instability
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BARRIERS (…continued)

27. Natural calamites


28. Gender and regional disparity
29. Lack of use of modern technology
30. Lack of natural resources
31. Inefficient banking sector
 

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Measures to Improve Growth

1. Increase agricultural and industrial productivity


2. Enhancing mutual cooperation among SAARC and other region
3. Improvement of working condition in the government and
private organizations
4. Reduction of industrial dispute
5. Favorable change in mentality of the people of the country
towards development
6. Effective economic planning
7. Avoiding nepotism and corruption
8. Establishing the democratic values
9. Formulation of the proper wage structure
10. Ensuring labor welfare 4
Measures to Improve Growth (…continued)
11. Utilization of natural resources
12. Improving the collective bargaining process of the labor
14. Development of rural infrastructures
17. Increase export base of the country
18. Strengthening banking sector
19. Ensure political stability
20. Effective disaster management system
21. Ensure transparency and accountability
22. Ensure women empowerment
 
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