Economic Development

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Title: Economic Development

Essay Details:

Subject: Social Issues

Author: Frances L

Date: March 9, 2014

Level: University

Grade: A

Length: 8 / 2144

Essay text:

In order to achieve these goals set forth for an economy, key industry must spring up. The idea that industrialization is the most important factor to nurse a growing economy is an idea that is shared by many modern economists. Industrialization is the key factor to competing in the global market. Although industry can be beneficial for an economy, it can also have negative effects. Paul Prebisch believes that industrialization should not be the goal of development. The main goal of industrialization is to compete in the global marketplace. Prebisch believes that the terms of trade are biased against developing countries...

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