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Unformatted text preview: encounter many problems such as excessive credit, inflation, and government spending, which are some of the effects of the development of a nation. The GDP of these nations will start to increase at a lower rate than the rapid growth they had in the past, due to these problems. This article relates to our Econ 101 class because it talks about the government sector of economics. In class we have talked about developing nations and reasons for their success, as well as reasons they could fail. GDP was also a big topic that we covered in class, and is also mentioned in this article when it talks about how the rates at which GDP are increasing will start to slow down. I found this article helpful because it clearly explained why developing countries have been successful, but also why their success won’t continue at the rate it is now. I pledge to uphold the Honor Code: ______________________...
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This note was uploaded on 02/13/2012 for the course ECON 101 taught by Professor Balaban during the Fall '07 term at UNC.
- Fall '07