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For the European Union, does it comprise developed, newly industrializing, emerging, or developing countries? How does it rank on the various measures of economic development?

For the European Union, does it comprise developed, newly industrializing, emerging, or developing countries? How does it rank on the various measures of economic development? Has it undergone any form of economic transition within the past 15 years? If so, how has that transition affected the culture and the country’s political, legal, and economic systems?


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