Determinants of Economic Development

Economic Factors    

  1. Nature Resource
  2. Capital Formation
  3. Size of the Market
  4. Structural Change
  5. Financial System
  6. Marketable surplus
  7. Foreign Trade
  8. Economic System

Non-Economic Factors

  1. Human Resource
  2. Technical Know –how
  3. Political Freedom
  4. Social Organization
  5. Corruption Free administration
  6. Desire for Development
  7. Moral, Ethical and Social value
  8. Casino Capitalism
  9. Patrimonial Capitalism

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