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developing country |
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developing country a nonindustrialized poor country that is seeking to develop its resources by industrialization How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| According to estimates by the International Monetary Fund, the developing economies as a group had a current account surplus of $640 billion last year. While the established model for TV--that viewers watch commercials in exchange for free access to programs--still holds in the world's developing economies, it has broken down for high-income consumers. Bruce showed evidence of Kalecki's critique of American and British free trade economists over the double standards they preach when telling developing economies to abandon industrial policy and protection. |
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