economics

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What are some ways that the lack of development in the world affects us?

  • economics -

    Lack of development means cheap labor, therefore taking jobs from the developed countries with higher labor costs.

    Lack of development means these countries need financial helped from richer countries.

    Lack of development promotes degradation of heretofore unspoiled environments.

    Lack of development means that rich countries can't sell many products to countries that don't have much money.

  • economics -

    Lack of development often brings wars that the developed world tries to settle.

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