Explain how low levels of living can turn into a vicious cycle in developing countries. Carefully explain some of the similar problems faced by otherwise diverse countries in Africa, Asia, and Latin America. What are some of the main ways in which the economies of developing countries differ from one another?

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Explain how low levels of living can turn into a vicious cycle in developing countries. Carefully explain some of the similar problems faced by otherwise diverse countries in Africa, Asia, and Latin America. What are some of the main ways in which the economies of developing countries differ from one another?

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