Disadvantages/demerits of external resource dependence in uganda
- balance of payment problems
- leads to underemployment and unemployment
- leads to cultural erosion
- stagnate the development of local technology
- leads to under utilization of local resources
- the economy is subjected to inappropriate and undesirable decisions
- leads to economic dominance of foreign economy
- leads to capital outflow in form of profits and salaries of expatriates
- discourages domestic saving and investment
- leads to increasing debt burden
- leads to political interference
- discourages innovation
- encourages laziness
CATEGORIES Economics
TAGS Dr. Bbosa Science
