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Abstract
Development failures are less the result of "natural" short-comings, but are caused instead by false conceptions and by the misapplication of experience from highly-developed economic systems to countries in the initial development stage.The following article points out the pit-falls and discusses some alternative strategies.
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Development failures are less the result of "natural" short-comings, but are caused instead by false conceptions and by the misapplication of experience from highly-developed economic systems to countries in the initial development stage.The following article points out the pit-falls and discusses some alternative strategies.
Key concepts: Natural resource economics, Business, Economics