SOIM-UB 1 Lecture Notes - Lecture 6: Subsistence Agriculture, Spinach, Agriculture In Mesoamerica
19 Aug 2016
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Document Summary
The model assumes that ldcs will achieve development by moving to a higher stage in the model. Some of the first countries to adopt the international trade alternatives were south korea, Singapore, taiwan, and the then-british colony of hong kong (known as the four dragons). They promoted development by concentrating on producing manufactured goods, especially clothing and electronics. The more popular development alternative for ldcs for most of the 20th century. Incomes in the countryside keep up with those in the city. Reducing poverty is more important than creating wealthy consumers. Fragile businesses can be independent and protected from businesses and governments in. A country can develop economically by concentrating scarce resources on expansion of its distinctive local industries. A company that conducts research, operates factories, and sells products in many countries, not just where its headquarters or shareholders are located. An attitude that tends to unify people and enhance support for a state.
