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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.
as mention above, the physical demand for gold rises in india during late summer and the beginning of fall.what situation occurs at the end of the year?
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