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Simplify the expression.
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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.
World Systems Theory
An analytical framework that suggests there is a world economic system in which some countries benefit while others are exploited, essentially dividing the world into core, semi-periphery, and periphery countries.
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