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The Economics of Developing Countries


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IN THIS CHAPTER YOU WILL LEARN:

  1. How the World Bank distinguishes between industrial advanced countries (high-income nations) and developing countries (middle-income and low-income nations).


  2. Some of the obstacles to economic development.


  3. About the vicious circle of poverty that afflicts low-income nations.


  4. The role of government in promoting economic development within low-income nations.


  5. How industrial nations attempt to aid low-income countries.










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