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Impediments To Economic Development Of Contemporary Economies

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  • Julia G. Dobreva

Abstract

Economic development in the 21 century differs in many aspects from the development we have aimed at in previous periods. This paper discusses the current challenges faced by modern economies. It highlights the main problems and impediments to growth and explains why economic development cannot be achieved or is at unsatisfactory levels both in developed and developing economies. Some examples are provided to illustrate the main points.

Suggested Citation

  • Julia G. Dobreva, 2019. "Impediments To Economic Development Of Contemporary Economies," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 13(1), pages 8-15.
    • Handle: RePEc:isp:journl:v:13:y:2019:i:1:p:8-15
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    References listed on IDEAS

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    1. Mehmet C. Arabaci & Sencer Ecer, 2014. "The International Monetary Fund (IMF) and the Catalytic Effect: Do IMF Agreements Improve Access of Emerging Economies to International Financial Markets?," The World Economy, Wiley Blackwell, vol. 37(11), pages 1575-1588, November.
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    More about this item

    Keywords

    impediments; economic development; economic growth; developing economies;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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