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What are some common economics problems faced by developing countries?
Some common economic problems faced by developing countries include poverty, income inequality, lack of infrastructure, limited access to education and healthcare, high unemployment rates, inflation, and debt. These issues can hinder economic growth and development in these countries.
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.
How do developed countries maintain an advantage over developing countries in international trade?
They maintain high tariffs on the agricultural goods that many developing countries export.
Why have developing countries failed to benefit from the spread of the free trade around the world?
Developed countries continue to maintain high tariffs on the agricultural goods that developing countries export in large numbers.
Why have many developing countries failed to benefit from the spread of free trade around the world?
Developed countries continue to maintain high tariffs on the agricultural goods that developing countries export in large numbers.
