How did so many developing nations get into such serious, Econometrics

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How did so many developing nations get into such serious

1. Should exports of primary products such as agricultural commodities and iron ore be promoted, or should all developing countries attempt to industrialize by developing their own manufacturing industries as rapidly as possible?

2. How did so many developing nations get into such serious foreign-debt problems, and what are the implications of debt problems for economic development? How do financial crises affect development?

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