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The international economic system structures the forecast for continued economic development for all states. There is a debate in the literature on which economic perspective or approach best describes the workings of the international economic system and gives prescriptions for development. Pick the viewpoint you believe provides the best understanding of the present economic system and describe the key suppositions, strengths and demerits of the approach. In your opinion what are the two key policy prescriptions from your selected approach which can help Third World countries achieve development?

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