1. The Major Causes of Underdevelopment!
A developed country is one which provides a high standard of living to its people as a result of the per capita income and Gross Natural Product. Many European countries which have already developed all their resources and have reached a high level of development can now generate their own capital as they do not have any financial restrictions and can thus enjoyed a high standard of living, a high capital income and a high productivity. ... In such countries, as Asia, Africa and Latin America where financial problems and Economic stagnancy exist, people lived below the poverty line. ...
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- Grade Level: Undergraduate