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Topic: |
Business
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Number of pages / Number of words: |
6 / 1482 |
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The developing countries (most of Asia, Latin America, and Africa) have lower incomes and large groups of impoverished people, especially peasants. However some countries are in between and have characteristics of both kinds of economies, for example states of the former Soviet Union and Eastern Europe (Hoogvelt, 2001)...
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In addition, a company can move its production plants to a cheaper country, for example China which manufactures some goods or services that after will be sold in other countries, surely in the 1st world countries. As a result people of the first world get the products cheaper. These companies are called multinationals and could even sell their products in all over the world and not only produce in one to sell in other...
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"Over the course of the past half-millennium, the 33 countries that now comprise Latin America and the Caribbean have gone through drastic change. Since the discovery of the New World in 1492, each country has gone through some level of colonizati...
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