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I think it is worth noting that historically, land-locked countries tend to be less well-off than its counter parts. Examples such as Switzerland & Austria are
by Gpetrium 7y ago
I think it is worth noting that historically, land-locked countries tend to be less well-off than its counter parts. Examples such as Switzerland & Austria are an abnormality due to a variety of unique factors that have only occurred in Europe so far.
Overall, the rule of law, regulatory environment and open market of Uganda and its neighbors are not at the level needed to to maximize its potential. This, coupled with the cost of borrowing (think interest rate), asset risk (E.g, forfeiture, robbery, piracy) and a few key negative economic indicators (Major balance of trade, current account & gov budget deficit) can put a dent in a country's mid-long term success.
- PeterisP 7y agoEven if we consider earlier history as irrelevant, it's worth looking at the differences of industrialization and wealth in coastal China vs inland China, as many of the industries driving Chinese economy heavily rely on low cost sea import and export.
- stcredzero 7y agoThe Chinese have a penchant for building roads. I guess the cost of investment in roads, equipment, and security is too high for the profit potential?