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Many economists specializing in growth theory contend that developing countries may achieve strong economic growth by increasing the amount of capital and labor available

Many economists specializing in “growth theory” contend that developing countries may achieve strong economic growth by increasing the amount of capital and labor available for production, but that this type of growth strategy is incapable of supporting long-term economic growth in developed economies. Briefly explain the reasoning underlying this belief.

Mar 17 2020 View more View Less

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