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Is dependency a problem in Less Developed Countries?
Problem: DCs exploit Less Developed Countries by extracting their surplus value. This value becomes the difference among the values of what an LDC produces and what this is paid to produce such by a DC.
Free trade and transnational foreign direct investment warps the entire economics and social structure of LDCs that become geared to meeting the needs of DCs for example export, orientated industries.
How does social capital influence development? Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Deve
how does economic theory contribute to managerial decisions?
1. The student is required to research a business topic, drawing information from a number of sources, prepare and give a talk to a group, and answer questions. Simply presenting
Are the terms of trade (ToT) a problem? Problem : The terms of trade (ToT) of a country fall when its import prices rise quicker than the price of its exports. Less Developed
explain total productivity
a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the comm
How does culture influence the development process? Culture influences what is of value into a society and affects how individuals, communities and organisations react to modi
What are the external constraints on government action less developed countries? External Constraints on Government Action LDCs face external factors beyond their control are:
uses of discounting principals
What are the difficulties of Developing Economies? Problems of Developing Economies: • Internal and external difficulties limit LDCs opportunity for development. • Les
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