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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.
The reserve requirement is 20%. Assuming banks have no desire to hold excess reserves, calculate the money multiplier. Now assume the banks want to hold 20% of their reserves in ad
What is all about The Optimal Rule
Provisionally the new software is called SafeCus with two projected levels of service - Premier and Standard. The Premier Level could be on sale within a year and will provide b
How can the savings gap be plugged? Low savings are a barrier type to growth. All developing countries have low incomes therefore low savings. A savings gap can be met through
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Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in
in the banking systems, when clearing checks, the difference between the Federal Reserve''s credits and debits is the
What are the problems of Environment in Economic Growth? Environment Problem: Economic growth can damage the environment by: • Negative externalities as an example waste thr
Is foreign debt a problem? Foreign debt is the whole amount owed overseas through a country at an exact moment in time. Debt is a problem since • High debt imply high inter
What causes migration? Rural-to-urban migration is a usual LDC experience. Those are migrates within search of better SoL, those are generally younger, less risk adverse and b
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