Economics (McConnell), AP* Edition, 20th Edition

Chapter 39W : The Economics of Developing Countries

After studying this chapter, you should be able to:

LO 39W.1

Describe how the World Bank distinguishes between industrially advanced countries and developing countries.

LO 39W.2

List some of the obstacles to economic development.

LO 39W.3

Explain the vicious circle of poverty that afflicts low-income nations.

LO 39W.4

Discuss the role of government in promoting economic development within low-income nations.

LO 39W.5

Describe how industrial nations attempt to aid low-income countries.

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