foreign trade is often treated as only marginally significant since most rich nations can deal with periodic balance of payments crises by applying an appropriate mixture of fiscal. And yet in developing nations agriculture is by far the most important economic activity and its low productivity is a major source of concern. The high productivity agricultural sec tor which is fully commercialised and sparsely populated in most developed countries is relatively Insignificant and therefore given limited coverage. Structural problems on the supply side are for the most part neglected. while inflation arises because of an excess of aggregate demand. typically, is ascribed to a deficiency of Keynesian aggregate demand. the institutional assumptions and theoretical models put forward in these texts often bear little resemblance to the structural and economic realities of the developing world. the Industrial structure of the British economy and/or the range of contemporary economic problems experienced by advanced market economies topics of only limited relevance to developing nations. Their students are thus subjected to lengthy discourses on the functioning of the US Federal Reserve System. local instructors often have little choice but to use so-called international student editions of Western introductory texts. towards the critical issues of economic and social development. comprehensive introductory text oriented. 8 444 Seiten Bibliotheksstempel auf Rückseite Haupttitel, sonst wohlerhaltenes Buch Tabellen Diagramme - Teachers of the introductory economics course at universities throughout the developing world have long been aware of the need for a relevant.
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