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Question: Development tends to be slower the stronger are a nation's barriers to the fundamental structural changes enumerated near the end of the chapter.

a. For your own country, or for a less-developed nation about which you know something, list three specific obstacles that you think may be acting to slow the pace of economic development. Indicate whether each is an internal or an external barrier.

b. Briefly explain how each obstacle acts to retard economic progress.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92293114

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