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When analyzing cases, you should:
High-Income Nations
Countries with a high level of economic performance, as measured by gross national income (GNI) per capita, indicating a significant degree of industrialization and standard of living.
Low-Income Nations
Countries characterized by significant economic challenges, often struggling with high poverty rates and minimal access to resources.
Modernization Theory
A theory that explains the process of transition from traditional or underdeveloped societies to modern societies.
Economic Development
The way in which a nation boosts the economic, political, and social standards of its citizens.
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