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Cape Verde is classified as a lower-middle-income country rather than a less economically developed country. It has made significant progress in terms of stability and economic growth, primarily through tourism and remittances. However, challenges such as limited Natural Resources and vulnerability to climate change affect its overall development. While it is not among the most developed nations, it has shown improvements in various socio-economic indicators.

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2w ago

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Is cape verde a west African country?

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Cape Verde is often classified as a lower-middle-income country rather than a least economically developed country (LEDC). While it faces challenges such as limited natural resources and vulnerability to climate change, it has made significant progress in areas like education and health. The country has a growing tourism sector and benefits from remittances, contributing to its economic development. Overall, while it is not an LEDC, Cape Verde still grapples with developmental hurdles.


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