Problems in developing nations can involve:
A) governments with corrupt officials that increase the costs of starting and maintaining businesses.
B) too much emphasis on sound business practices and efficiency.
C) good institutions and reasonable taxes, which provide sufficient infrastructure for new business.
D) government that is too large to be effective.

Question

Quizplus · Accepted Answer

Corrupt officials can increase the costs of starting and maintaining businesses, which creates a barrier to economic development in developing nations. This can discourage investment and limit job creation, hindering the growth of the economy.

Problems in Developing Nations Can Involve