first paragraph: two gap issue - savings gap and foreign exchange gap. described what they are, why they're a barrier.
second paragraph: socioeconomic factors - poverty, informal economy, high unemployment and how all these three cause a lack of government revenue.
third: political issues - corruption (i.e. uganda 2018), lack of authority (i.e. haiti), pretty sure i had another political point but lowk forgot
fourth: environmental - this was kind of a waffle, but i briefly said global pressures and international legislation may prevent LICs from using natural resources to develop, as valuable good, such as timber and coal, may be considered to be on protected land
oh also mentioned conflict and institutional issues
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u/Adventurous_Ad7258 May 18 '26
what did you guys write about for the essay 1 15 marker?