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Some common costs to a country that has focused on specific policies or sectors include economic inefficiencies, such as reduced competitiveness in other industries, which can lead to a lack of diversification. Additionally, there may be social costs, including job losses in sectors that are deprioritized, and potential regional disparities as resources are concentrated in certain areas. Environmental costs can also arise from over-exploitation of resources or neglect of sustainable practices. Overall, a narrow focus can undermine long-term economic stability and growth.

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1mo ago

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