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Question:
The Mauritian experience of growth and development has been referred as an economic miracle. The island had successfully shifted from an agrarian economy to an industrialised and service based economy
(a) Clearly explain the factors that have led to the Mauritian Miracle.
(b) Distinguish between economic growth and economic development.
(c) Explain the characteristics of developing countries.
Q. Explain the credibility theory of the EMS. Answer: In this approach the other EMS countries in effect imported the credibility of the German central bank in fightin
haberler''s opportunity cost theory
what i deficit balance of payment.
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Criticism against Hechscher-Ohlin type trade theories is explained below: The foremost criticism leveled against Hechscher-Ohlin type trade theories are that they views compara
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