The lack of domestic purchasing power of citizens has been a set back for economically backward countries of the world.
Monetary expansion in these countries has resulted in the inflation of prices of goods and services to the detriment of the people.
In…
Infrastructure is a necessity for development but may not be a condition for advancement.
Skilled labor, moral and social outlook, political situation and historical narratives all play critical roles in economic development.
Indeed, the store of tec…