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10 cards from this deck
Terms of trade for primary products deteriorate long-term
Low income→low savings→low investment→low capital→low income
s/ks/ks/k (savings rate ÷ capital-output ratio)
Insufficient domestic savings to finance needed investment
Shortage of foreign exchange to import capital goods
Domestic savings invested abroad instead of domestically
Relatively low, constraining rural incomes
Promoted exports to earn foreign exchange for capital goods
Little incentive to save, so firms can't obtain funds
About 35%
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