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What are the three levels of plans?
Developing Country
A nation with a lower level of industrialization, a lower standard of living, and a lower Human Development Index (HDI) compared to developed countries.
World Bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Privatization
The process of transferring ownership or control of a business or service from the government to private individuals or organizations.
Transitional Economies
These are countries changing from a centrally planned economy towards a more market-oriented economy.
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