What is the cause of persistence of balance of payments problems in Uganda (LDCs)
- Exportation of low cost primary products leading to low foreign exchange incomes.
- Importation of expensive manufactured products leading to high foreign exchange expenditure.
- Limited variety of exports to earn foreign exchange
- Limited markets for exports due to low technology and poor quality products that fail to compete on world market.
- Debt servicing that drain foreign exchange
- Political instability that leads to high foreign expenditure on military
- Over protectionism and discriminatory policies by developed This limits markets for LDCs.
- Lack of skilled manpower in export techniques and export promotions to increase foreign exchange earnings.
- Unfavourable natural factors like floods, drought, etc. these lower the volume of agricultural out. This limits export earnings but may also lead foreign exchange expenditure through importation of food.
- Lack of skilled manpower leading to foreign exchange expenditure on expatriates.
- Profit and income repatriation since large production facilities are owned by foreigners.
- Existence of a large subsistence sector, which does not generate enough export volumes.
- High population growth rate leads high consumption and high expenditure on imports.
CATEGORIES Economics
TAGS Dr. Bbosa Science
Goood post but I wwas wanting to know iff yyou coould write a litte moe
on thjis topic? I’d bbe very grateful iif you coulkd eelaborate a luttle biit further.
Kudos!
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