Conditions necessary for the success of the balanced growth theory in an economy
- Availability of enough capital / sufficient / Adequate capital.
- Availability of skilled labour /man power.
- Presence of entrepreneurial abilities/ skills
- Favourable political climate
- Favourable government policy on investment
- Existence of well-developed infrastructure.
- Low levels of conservatism.
- Existence of a large market
- Presence of a strong planning machinery.
- High level of accountability / Low level of corruption and embezzlement of public funds/ Transparency,
- Easy access to land.
- Presence of better technology.
- Existence of strong linkages between the sectors
CATEGORIES Economics
TAGS Dr. Bbosa Science
