3 Financing development a. Problems of delayed development
Population growth Technological dependence Dualism Poor terms of trade Mirror imaging: linkages to Northern business cycles Country/political risk Problems solved? India, China, and the recent gains of “emerging market countries”
Strategies for southern countries 1. Theoretical perspectives The liberal perspective, a closer look Relying on the MNC
b. Depending on foreign aid c. Borrowing for development D. The North-South conflict and the end of the East-West conflict
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