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Regional Imbalances in Economic Development
All the countries of the world developed in equally. Some countries are highly developed economically and some other countries are still developing and some more are under developed. Several factors are responsible for such variations among the nations besides political factors as mentioned below:
Lessons From the Economic DownturnThe world economy, particularly that of developed countries has faced a serious downturn during 2008. Many hope that it is a temporary situation that will go away soon. But what if it does not?