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What are the limitations of balanced growth?
The limitations of balanced growth:
• The strategy of balanced growth is away from the resources of most poor countries;
• Government planning results within government failure that is government intervention into the market fails to bring about an efficient provision of resources for example planning process makes a bureaucracy. For a complete discussion notice why state approaches are sometimes seems as unsuitable for promoting development.
• LDC development policies considering onto import substitution, agricultural self-sufficiency as well as state control of production yield poor growth.
What are the characteristics of growth in developed countries? Simon Kuznets specified some characteristics for all DCs (developed countries) as illustrated below: • Gross
What is the definition of land productivity?
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International oil has been described as the lifeblood of industrial society. A National Security Council paper in 1953 noted that American Based multinational oil companies were in
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How does product life cycle works
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