Knowee
Questions
Features
Study Tools

, highlight factors that are responsible for the deviations the economic growth at 6% in Uganda; [15 marks]

Question

Highlight factors that are responsible for the deviations in economic growth at 6% in Uganda;

[15 marks]

🧐 Not the exact question you are looking for?Go ask a question

Solution

  1. Political Instability: Uganda has a history of political instability with frequent changes in government and civil unrest. This can deter both local and foreign investors, leading to lower levels of investment and economic growth.

  2. High Levels of Corruption: Uganda ranks high on corruption indices. Corruption can deter investment, distort markets, and stifle economic growth.

  3. Poor Infrastructure: Uganda's infrastructure, particularly in rural areas, is underdeveloped. This can hinder economic activities such as trade and investment, and limit economic growth.

  4. Dependence on Agriculture: Uganda's economy is heavily dependent on agriculture, which is vulnerable to weather conditions and global commodity price fluctuations. This can lead to unstable economic growth.

  5. High Population Growth: Uganda has one of the highest population growth rates in the world. This can put pressure on resources and services, and hinder economic growth.

  6. Limited Access to Credit: Many Ugandans, particularly those in rural areas, have limited access to credit. This can limit investment and economic growth.

  7. Inadequate Education and Skills: Many Ugandans lack the education and skills needed for higher productivity jobs. This can limit economic growth.

  8. Health Issues: Uganda has high rates of diseases such as HIV/AIDS and malaria. These can reduce productivity and economic growth.

  9. External Shocks: Uganda, like many other countries, is vulnerable to external shocks such as global economic downturns and changes in commodity prices. These can lead to fluctuations in economic growth.

  10. Inefficient Public Sector: The public sector in Uganda is often seen as inefficient and bureaucratic. This can hinder economic activities and growth.

  11. Environmental Degradation: Environmental degradation, such as deforestation and soil erosion, can reduce the productivity of agriculture and other sectors, and limit economic growth.

  12. Trade Barriers: Uganda faces various trade barriers, both internally and externally. These can limit trade and economic growth.

  13. Inadequate Investment in Research and Development: Uganda invests little in research and development. This can limit innovation and economic growth.

  14. High Levels of Poverty and Inequality: High levels of poverty and inequality can limit consumption and economic growth.

  15. Unstable Macro-Economic Environment: High inflation rates, fluctuating exchange rates, and high interest rates can create an unstable macro-economic environment that deters investment and limits economic growth.

This problem has been solved

Similar Questions

Factors contributing to deviations in the stable and competitive exchange rates in Uganda in 2023:

With references of 2024 discuss the export sector of Uganda in one detailed paragraph

Economic growth takes place when a country :

Manufacturing firms in Uganda in one detailed paragraph with the latest references

Profile of Uganda’s tourism sector with statistics in three detailed paragraph with the latest references

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.