How do national governments contribute to the problems faced by developing economies? In a short ...

 Governments in developing economies are often severely indebted. In fact, some countries in Africa, Latin America, and South Asia have debt levels that approach or exceed their annual gross domestic product. This means it would cost a year's worth of national productive output just to pay off the national debt. Much of Africa's poverty is the result of government policies that discourage entrepreneurship, trade, and investment. For example, starting a new business in sub-Saharan countries in Africa involves an average of 11 different approvals, and takes 62 days to complete. In the advanced economies, by contrast, starting a new business takes an average of six approvals, and 17 days to complete. Bureaucracy and red tape are among the most troublesome aspects of developing economies, often hindering the ability of firms from these countries to participate in the global economy.

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