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How do developing and industrial countries differ

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Question: (1) How do developing and industrial countries differ in their use of technological change, labor, capital, and natural resources to produce economic growth? Why do these differences exist?

(2) Policy makers disagree on the benefits and disadvantages of the interactions between developed nations and developing nations. Some say that developed nations don't want developing nations to grow technology so that they can just exploit their resources. Others say that makes no sense since the growth of developing nations leads to competition, cheaper prices and expanded choices for all. Which of the above do you agree with and why?

Reference no: EM131485461

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