Question:
Economic Development:Lower Levels of Living
Case Study
The majority of the developing countries grapple with lower levels of living, productivity, industrialization, manufacture exports, and human capital, as well as higher rates of absolute poverty, inequality, and population growth rates. Besides, social fractionalization, larger rural populations, and underdeveloped financial and security markets are common (Todaro & Smith, 2014). Similarly, the large informal sector, poor ...
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