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pl6 pl6
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3 years ago Edited: 3 years ago, pl6
1. Predict how the labour force will adjust as less developed countries begin to grow economically.
How can less developed countries continue their economic development/ improve it, How would they follow that same linear progression that all other nations do. (US or Canada, for example)
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Staff Member
3 years ago
1. Cut red tape to make cross-border trade cheaper and diversify LDC economies, making full use of untapped potential of deepened regional integration, which contributes to improved economic growth and resilience.


2. Create a regulatory and legal regime that promotes domestic and foreign investment so that private capital can be exploited.

3. developing economies need to focus on building fiscal and market institutions before rising spending needs—and not after they materialize.

4. Get early-mover advantage in e-commerce. Online technology can make international trade happen, including in poor countries with weak institutions, so the LDCs that have limited digital access and low credit-card use should invest in this. A country cannot become wealthy if there is no solid educational reform or workforce structure in place. Without these, citizens cannot bring home decent salaries that are needed to pay taxes that in turn, aid educational development.
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