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Discuss the Neoclassical and New Growth theories and then identify and discuss those characteristics features of the small developing island economies of South Pacific that

Discuss the Neoclassical and New Growth theories and then identify and discuss those characteristics features of the small developing island economies of South Pacific that pose obstacles to their economic growth. What general policies would you recommend to these island nations in order to boost their economic growth?

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Neoclassical theory This theory states that economic is the result of three factors labor capital and technology While a economy has limited resources in terms of capital and labor the contribution fr... blur-text-image

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