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These biases include an external factor such as developed nations’ restrictive trade policy (primarily agricultural policy) towards developing nations and its own internal factors that limit economic growth and capability such as corruption, low level of education, and for a majority dependency on primary products. To make up for the obstacles developing nations face in the international trade system, advanced nations have attempted to help developing nations through setting up institutions such as the World Bank, which despite the money to fund economic reforms has either succeeded or failed to promote economic growth due to external factors out of its’ control mainly political corruption and economic growth within countries...
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