Management and Regional Science for Economic Development

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The greatest challenge facing mankind today is the immense disparity in the levels of income among people in different parts of the globe. The growth rate of income of the poor countries is consistantiy far below the rate of the advanced, industrialized nations. Due to low income and a high propensity to consume, there is very little left in these countries for investment. A major portion of the resources available is devoted to military expenditures. This continual decline in the standard of living, coupled with poverty ...

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