Why do some countries fail to thrive? Critically evaluate one or two policies aimed at boosting growth & aiding development. Critically evaluate one or two policies aimed at boosting growth & aiding development.

In this essay I will address why countries fail to thrive as well as evaluating the policies that boost economic growth and development. Globalization is a process of international economic integration effecting output of goods and services, input of capital and labor and aiding diffusion of knowledge and information. Breaking artificial barriers for goods and services in the last two decades has had a positive affect on development. Many countries have had successful economics growth and better standards of living due to increases in exports measured through increase in GDP. Even with better economic integration in the last two decades some countries still fail to thrive and benefit from globalization. Yet still some economies fail to thrive.
There are many issues that can be looked at to understand why some countries have not developed quickly and efficiently as others. According to Jeffrey Sachs 2005 book ‘The end of poverty’; the richest countries in the world are ahead by two decades in relation to growth and economic gains. Poorer economies have suffered greatly due to poverty and geographical barriers such as famine and pandemics. Other issues such as political instability and collapsed governments have been a central focus point of many critics. I will analyse factors that have hampered growth in developing economies with supporting evidence.
Political instability impedes on growth, as there is level of uncertainty in the economy and generally a feeling of pessimism in these periods. This discourages investments and FDI as well as affecting employment rates significantly. Egypt and Bahrain have seen the worst civil unrest in the past few