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What are Rostowís policy implications?
• LDCs (Less Developed Countries) require aid.
The development procedure can stall at the Take Off stage for be short of savings. 15 to 20 percent of GDP needs. When savings = 5 percent then aid/loan = 10 to 15 percent plugs savings spaces. Resultant investment shifts the country to stage four as well as self-generate economic growth.
The Harrod-Domar model describes the economic mechanism by that high investment leads to elevated growth.
Is the Washington Consensus actually a consensus? The Washington agreement thinking dominates development thinking in the developed world but is challenged through less develo
Why is the growth rate and significant for development? The rate of economic development is the percentage increase within real GDP over twelve months. • The higher rate of
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my fgeind lewis wants ro know about hard and soft hr and whats good and whats bad about it so cabn u answer pelase
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Does aid improve development? Aid improves development as: • Aid is utilized to increase productive capacity and the advantages of resultant growth is extensively spread an
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