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Economic System in America - Example Papers

Economic System in America

Trying to develop a country with a new economic system is the hardest thing to do in developing a country. Without a stable economy in a new country it will be impossible to maintain a true country. Participatory Development is the perspective for the basic need country. It is a strategy developing countries use to start out with the basics, and not spend a lot of money and then enhance their country as time and money become more efficient. Now the focus of this development is waiting until industrialization has produced a trickle-down effect, when it should be on directly raising their quality of life using strategies available now.

This development is also defined as a sustainable ...

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to improve their lives without industrialization first, because it calls for immediate failure. The definition of this development has emerged from experience by going through the trial and error process. They meet the basic needs of the community, participate in decisions, and use available resources they have around them and eliminate having to use big and expensive machines.

This development needs to learn how to operate and use industrial machinery to their benefit. Also they need to work on the misdistribution of wealth and power between the domestic and international markets. Basic need projects are the only kind that makes sense to the majority of the world’s people. Industrialization with its long term promise of the trickle down benefits has not and will not ever solve the problems in global poverty. If these problems are not fixed properly, these countries will fail in their attempt to develop a successful country. Also they have locals participating in project ...

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Economic System in America. (2011, April 23). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Economic-System-in-America/98347

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PAPER DETAILS

Added: 4/23/2011 06:50:01 PM
Submitted By: dunster1105
Category: Economics
Type: Premium Paper
Words: 478
Pages: 2

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