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Answer to Question #138052 in Microeconomics for Rizza Mae Esparagoza
Question #138052
Giving the diversity of developing countries, do you think that there could ever be a single unified theory of development?
Expert's answer
No, there can never be a unified theory of development because the model of step by step stage of growth focuses on the faster accumulation of capital, through the utilization of International and Domestic savings to promote the growth of the economy.
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