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What does Rostow predict?
For Rostow:
• Savings and capital accumulation (formation) are central to the procedure of growth therefore development
• The solution to development is to mobilise savings to produce the investment to set into train self making economic growth.
• Development can stall at level 3 for lack of savings 15 to 20 percent of GDP needed.
• When S = 5 percent so that aid/loan = 10 to 15 percent plugs savings spaces. Resultant investment implies a move to stage four Drives to Maturity and also self generate economic growth.
How does the exchange rate influence the benefits of trade? Mutually beneficial international trade arises specified the exchange ratios lie among the internal opportunity cost
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What are the critics of advocates of World Bank in promotion of development? Critics of the World Bank argue: • A one-size-fits all strategy which does not take account
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Harvard Business Review Case Study 9-572-029 Fisher Price Toys... Need help with the following questions: 1. Should Fisher Toys lauch the ATV Explorer? 2. What price tag should the
How did foreign debt arise? Evaluation: Borrowing shows an injection of new resources in the domestic economy and also an opportunity for development. • When borrowed re
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