Answer to Question #317396 in Macroeconomics for Siwe

Question

what are some of the most important ways in which developing countries differ in their social, political, and economics structures

Answer 1

some countries prefer economic structure that prefers commodities like high-technology manufacturing, possess the scope for increasing returns, and others demonstrate diminishing returns. So, a country with an increasing return productive structure leads to producing high value added goods that are technically advanced and the opposite is true. 

differences between Institutions of exchange are at best necessary conditions but insufficient alone to generate production. Government subsidies and tax breaks when applied appropriately can have direct effects on production levels and incentivize the production of certain goods over others. if applied inappropriately will negatively affect impact their levels of production.

differences on social structures whereby there is inequality of distribution of resources. it leads to some leaving above poverty line while others sink much below poverty line. If developing countries can have adopt equal distribution mechanism then there could be a uniform economic growth. Analyzes aimed at political development generally focus on the nature of

political institutions and processes in different countries. As a result of the wars, civil wars and political crises,

The weight felt in developing countries of many political regimes led by single party administration, dictatorship which exposed to political underdevelopment. Countries with stable political system have advanced development compared to political instability witnessed in other countries.