Question

the solution for the economics problems of developing countries is economic development, who said that ? ​

Answer 1

Answer:

Explanation:

Many of the ideas, techniques and institutions that

have shaped the development strategies of the past

twenty years were evolved in the post-war recovery

period. In western Europe, the movement towards

economic integration fostered by the Marshall Plan

assumed tangible institutional forms in the case of

steel and coal and atomic energy, and, by the end

of the 1950's, in a full six-nation common market.

More generally, the momentum generated in the

determined reconstruction effort in the second half

of the 1940's was sustained by a number of loosely

connected forces and circumstances--some fortuitous

and transient, others more purposeful and permanent--through the 1950's and into the 1960's.

In the early part of this period, the backlog of

demand was gradually released on the market and

the backlog of technological innovations was absorbed into civilian industry. The latter process conWhile few countries were able to commit themselves to a specific full employment target--that is,

a specific limit to the rate of unemployment--many

did in fact bind themselves to a code of behaviour

in the field of trade relations. Under the General

Agreement on Tariffs and Trade (GATT), contracting countries set about liberalizing international

trade, and the process of negotiation and confrontation, begun in 194-7, continued to exert a positive

influence on the course of trade throughout the

1950's, culminating in the so-called Kennedy Round

of tariff reductions concluded in 1967, Given the

generally favourable demand trends and the division

of labour flowing from the increased pace of technological change, the scaling down of tariff barriers

helped to promote a continuous and rapid increase

in international trade.

In addition to the consultation forum provided by

the United Nations and the negotiation machinery

provided by GATT, the institutions created at

Bretton Woods furnished banking-type mechanisms