The UN classification of countries based on economic development has been criticized because it no longer seems relevant in the rapidly industrializing world.
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Q7: According to the UN classification, industrially developing
Q8: Consumption patterns change rapidly in static economies.
Q9: Chile is a newly industrialized country. As
Q10: The liberalization of trade and investment policies
Q11: A more developed economy tends to have
Q13: According to Jagdish Sheth, rather than diffusion
Q14: Economic development translates to rapid economic growth
Q15: Privatization of state-owned industries released immediate capital
Q16: The level of political stability in a
Q17: High transaction costs associated with the use
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