TITLE

DEVELOPING COUNTRIES: GROWTH, CRISIS AND REFORM

AUTHOR(S)
Joia, Radu Marcel; Babonea, Alina Mihaela
PUB. DATE
January 2010
SOURCE
International Conference : CKS - Challenges of the Knowledge Soc;Jan2010, p1260
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Article
ABSTRACT
Until present, the specialists have only studied the economic situation in developed countries which are gifted with a large capital and qualified personnel. The economy in these countries usually engenders a high level of the gross domestic product. The USA and the Western Europe were among the most studied regions in the entire world. The global economic stability has determined an elaborate study of macroeconomic issues that developing countries deal with. The main problem the countries face is the poverty and the way out is the principal purpose established in political and economic circles. The developing countries do not have or have few inputs and, as a result, this situation keeps an invariable low level for the gross domestic product. In this way, the developing countries cannot achieve the scale economy which describes the situation in the rich states. The problems that developing countries deal with have discouraged the foreign direct investment and have reduced the economic efficiency. As a conclusion, the growth process in economy remains incomplete and vague for the developing countries although a lot of measures have been taken for improving the system.
ACCESSION #
51004450

 

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