Developing Countries : Section 2 : A Framework for development
- Developing countries will eventually have to start a path to an advanced economy. The economy normally starts out as people being able to trade without money, then people moving past their traditions, then people start to save more of their nation's income, industry and agriculture are started. The economy then evolves into technological developments, and industry advancing. The last stage is where people are able to have their needs and wants fulfilled, and focus more on services and products.
- Industrialized nations try to focus on leveling out their inflation, helping other developing countries, and stabilize the import or export of foreign currency.
- The focus for developing countries is to give their people economic freedom, better education, better trading, reducing debts, borrowing, and inflation.