Challenges Facing the Developing Countries

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Chapter36W 3/24/04 1:46 PM Page 1. CHAPTER 36W. Challenges Facing the Developing Countries L LEARNING OBJECTIVES. 1 Describe the extent of world income inequality. 2 Explain some of the main Challenges Facing Developing Countries . 3 Define the view of development known as the Washington Consensus. . 4 Outline the current debates about development policies. In the comfortable urban life of today's developed Countries , most people have lost sight of the fact that a short time ago very short in terms of the life span of the earth peo- ple were nomadic food gatherers, garnering an existence as best they could from what nature threw their way. It has been only about 10 000 years since the Neolithic Agricultural Revolution, when people changed from food gatherers to food producers.

four decades after 1960 and typically have per capita incomes close to 50 percent of those found in the developed nations. Several other countries in Southeast Asia are close

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