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Explain the implications international capital flows problem.
Implications:
• FDI can assist physical capital accumulation and result within growth - usually beneficial but needs dividend payments
• Capital speculative inflows are to be discouraged.
Problem: (a) Critically asses the difference between economic growth and economic development. (b) Describe the definition of economic development as a multidimensional pro
Explain about the term underemployment and unemployment rate. Discouraged employees are non-working people who are able of working although are not actively in search of a job.
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