Developement Economics-- LDC's

Development Economics What is An LDC?( Pg 363 & 364.) It is extremely difficult to characterise a typical LDC. One way to define a typical LDC is to use the World Bank's classification in terms of GNP. In terms of international ranking, LDCs are the tend to be the low income countries with a low income per capita. Each of these countries have different characteristics that could explain its development or underdevelopment. Due to these unique …

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