4. Although there is no sharp dividing line between developed and less developed countries, by and large,

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4. Although there is no sharp dividing line between developed and less developed countries, by and large, the nations of North America, Europe (including the Soviet Union) , and Oceania, as well as Japan, can be classified as developed countries. In contrast, most of the countries of Asia, Africa, South America, and Latin America ex????ibit the characteristics of underdevefopment.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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