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Economists often expect income convergence between developed and developing countries due to the theory of absolute convergence, which suggests that poorer economies will grow faster than richer ones, benefiting from technology transfer, capital accumulation, and labor force improvements. However, this convergence has occurred for only a limited number of countries due to factors such as institutional quality, differences in human capital, access to global markets, and varying political stability. Additionally, structural challenges like corruption, inadequate infrastructure, and persistent inequality can hinder the growth of developing nations, preventing widespread income convergence.
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How does developed countries help the developing countries?
By selling their products to developing countries.
How biogas can be specially useful in developing countries?
explain how biogas can be specially useful in developing countries
Why were economists opposed to the terms of the treaty of Versailles's?
LIttle opportunity for the defeated countries to rebuild. They couldn't stay defeated countries forever.
Who are the developing economy's countries in world?
Most developing countries are in Africa, although any country pre-industrialization and in this millennium, digitalization can be considered to have a developing economy.
How do developing countries maintain an advantage over developing coutries in the international trade?
They maintain high tariffs on the agricultural goods that many developing countries export.
What continent has most developing countries?
Africa has the most developing countries.
How does developed countries help the developing countries?
By selling their products to developing countries.
Are most countries in Africa developed or developing?
Sudan is a developing country.
How many developing countries are in debt?
their are 192 countries and a very large percentage are developing countries that are in debt.
Questions about multinational companies in developing countries?
What are the advantages of multinational companies to the developing countries?
What is the impact of globalization on developing countries?
Globalization helps developing countries by creating jobs, and sending money into the economy of that developing country.
How biogas can be specially useful in developing countries?
explain how biogas can be specially useful in developing countries
When was Journal of Infection in Developing Countries created?
Journal of Infection in Developing Countries was created in 2006.
Why Management is important to the developing countries?
The mis-management of resources is a major factor of why developing countries are lagging behind. Management is thus very important in the progress of developing countries.
What percent of countries are developing?
Roughly 85% of countries worldwide are considered developing countries according to various classification systems, based on factors such as income level, human development index, and other socio-economic indicators.
What are the challenges of using the Internet in developing countries?
Using the Internet in developing countries is greatly hampered by the high degree of poverty in developing countries. Not many people can access the Internet because it is expensive.
Why were economists opposed to the terms of the treaty of Versailles's?
LIttle opportunity for the defeated countries to rebuild. They couldn't stay defeated countries forever.
