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Briefly outline your understanding of the concept of an 'economic theory'. Secondly, explain whether this concept has helped you to understand the process of economic
Briefly outline your understanding of the concept of an 'economic theory'. Secondly, explain whether this concept has helped you to understand the process of economic development in economies which are characterized as 'developed and advanced economies'. Thirdly, compare your own assessment of the level of economic development achieved by Caribbean economies thus far with the dependence and exploitation theory posited by Caribbean Economist C.Y. Thomas in the early 1970's.
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