Developing nations often have poor markets, poor distribution systems, and high underemployment; export resources but not finished goods; need imports but have no cash to pay for them; and have low taxes, few schools, small wealthy class, no middle class, low investment rate, untrained business class, and poor agricultural techniques. Developing countries need capital goods and investment to change these problems {transition economy}| and become developed countries.
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Date Modified: 2022.0224