Economics (McConnell), 18th EditionWeb Chapter 39:
The Economics of Developing CountriesIN THIS CHAPTER YOU WILL LEARN: - How the World Bank distinguishes between industrial advanced countries (high-income nations) and developing countries (middle-income and low-income nations).
- Some of the obstacles to economic development.
- About the vicious circle of poverty that afflicts low-income nations.
- The role of government in promoting economic development within low-income nations.
- How industrial nations attempt to aid low-income countries.
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