If the private sector could not solve the problems than government would.
United Nations Economic Commission for Africa was created in 1958.
Economic System
The wealthy nations gain market expansion, if they are wise enough to see the potential. Therefore they should invest in the economic advancement of the poor nations
Temporarily allied during World War II, the US and the USSR became competitors and the cold war resulted. World War II also through many nations into untold economic depressions.
Basic economic questions would include the following: What works better, a centrally planned economy or a free market economy, or some mixture of the two? If you use a mixture, which economic model should predominate? Which works better, money or barter? If you use money, should it be Fiat currency or should it be backed by precious metals? Is globalization good or bad? How can nations protect themselves from the competition of other nations that have lower standards of living, less economic regulation, and therefore cheaper labor? How can an ever-expanding population continue to create new economic opportunity in a world which is of a fixed size? What do we do when Natural Resources run out? How can we prevent destructive economic fluctuations such as recessions and depressions?
Brandon
l;jkjo[ju[
An economic advantage for a developed nations sometimes allow them to exploit developing nations. For instance, more money and resources allow bigger nations to exploit labor in undeveloped nations.
True
by the use of economic nations
Mercantilism