Evaluate the economic barriers to economic development in a country of your choice

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Chad is an economically undeveloped African country. Its real gross domestic production (GDP) is $15.8 billion US. With population at around 10 million, Chad has a GDP per capita of around $1700 US. There are several barriers to the economic development in Chad, which include corruption, lack of infrastructure, low GDP capita and over-dependence on the primary sector. Chad is one of the most corrupted countries in the world. Its corruption perceptions index is 1.8, with 10 being the least corrupted. The president of Chad is currently Deby, who is highly corrupted. Corruption often discourages investment from abroad because of risk involved in investing in a highly corrupted country, which leads to affected growth. Ever since Deby was appointed president, the amount of foreign direct investment (FDI) has been falling. However, the extent of this depends on the fall of FDI as a percentage of GDP. It is likely that the corruption has led to misuses of funds and capital flight, which can lead to an increase in the levels of debt. There is around 550 km of paved roads in Chad, which has an area of 1.3 million km2 (21st in the world). Therefore, the road system is very limited. Chad doesn’t have a rail-system; it relies on Cameroon’s rail-system for exports and imports. There is only one international airport in Chad with flights going to Paris and other African countries. The telecommunication system is very limited and expensive. Therefore, the lack of infrastructure in Chad has made it very difficult to import and export. This leads to an increase in transportation cost and thus overall costs increase as well. However, the extent of this depends on the effectiveness of the limited infrastructure. As mentioned above, Chad has a GDP per capita of around 1700 US. Also, 80% of the population live under the poverty line (less than $1 US per day). This means that the

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