Lecture Microeconomics (20/e): Chapter 25W - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

In this chapter we will begin by distinguishing between industrially advanced countries and developing countries. We will look at the differences in incomes and GDP and the impact of poverty on humanity. Developing countries often face large obstacles to growth, so we will investigate these obstacles. Lastly we will discuss the role of government in the developing countries’ economies as well as the role of the industrially advanced economies.