Foreign economic cooperation is essential for the development of the backward countries. Why?
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Foreign economic cooperation is necessary for the development of any backward country. As the countries still are in the developing phase and backward they will not get the resources for development on their own.
This is why every developing country will need support from a foreign power to develop themselves.
Development requires resources, and these resources can be made available by cooperation among nations. These resources include capital, material, and labourers.
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