The problems faced by the industrial sector in less developed countries. 

The problems faced by the industrial sector in less developed countries. 

  • Limited capital stock/ funds.
  • Poor infrastructure.
  • Limited entrepreneurial skills.
  • Limited skilled manpower.
  • Limited domestic and foreign markets , high MPM / competitor imports.
  • Under developed capital markets.
  • Poor technology.
  • High level of taxation.
  • High level of corruption in the sector.
  • Political instability.
  • Limited supply of raw materials.
  • Poor land tenure system.
  • High capital out flow/ income and profit repatriation.
  • Economic instabilities such as high inflation, unstable foreign exchange rate, etc.
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