Why Are the Economic Problems Facing Developing Countries Especially Difficult

question 37

Essay

Why are the economic problems facing developing countries especially difficult to solve? What is the debt problem? What economic options are available for developing countries?

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Definitions:

China

A country located in East Asia, known for being the most populous nation in the world and having one of the largest economies globally.

Imbalance of Trade

A situation where the value of a country's imports and exports is not equal, leading to a trade surplus or deficit.

Exceeded

means to go beyond an established limit or surpass a certain standard or level.

Lower

In economic terms, it refers to a decrease in value, price, rate, or level of a given variable or entity.