Question

How poor countries can sustain high growth and development? Explain in detail

Answer 1

Answer:

To increase economic growth

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.

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Answer 2

Answer:

POOR COUNTRIES LIKE NEPAL,CAMBODIA, KYRGYZSTAN DEVELOPED BY THE FOLLOWING WAYS:

Explanation:

● FROM TAXES GIVEN BY FARMERS

■ TAXES GIVEN BY THE AUTOMOBILE OWNERS

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