CAPITAL AND POPULATION AS FACTORS FOR ECONOMIC DEVELOPMENT IN LESS DEVELOPED COUNTRIES
Keywords:
capital, technology, population, development, developing countries, foreign direct investmentAbstract
Economic experience unequivocally shows that capital is one of the basic factors for the economic development of any national economy, regardless of the level and degree of their economic development. The role and importance of capital is especially emphasized in the LIA, because in these countries, Capital is a limited factor due to lack of impunity in their economic activities.On the other hand, in developing countries, irrational income spending, frequent storage of savings abroad (due to their underdeveloped financial and banking system), etc. are also present. Starting from here, these countries in the future should emphasize the importance of capital accumulation and emphasize the need to raise the level i.e the volume of capital accumulation, because in many cases their development is largely related to the accumulation of capital.
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