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What is dependency theory?
Dependency Theory:
Dependency theory uses economic and political theory to describe how the procedure of international trade and domestic development makes several LDCs (Less Developed Countries) ever more economically dependent onto DCs.
Dependency theory notices underdevelopment as the result of unequal power relationships among rich developed capitalist countries and also poor developing ones. Well-Powerful developed countries dominate dependent powerless LDCs (Less Developed Countries) through the capitalist system.
what is it?
What is the Washington Consensus? The Washington Consensus is a set of polices arguments advocated through free market economists to motivate growth and it is at the heart of
business environment
What are Harrod-Domar assumptions? The H-D (Harrod-Domar) model assumes as: • Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist
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explain how inflation could reduce the efficiency with which prices allocate resources.
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