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- (1) In your opinion, how do theories of economic development guides one country in determining economic growth?What market position should we try to establish in our country, in our economic region, and globally?Is sustainability given a high enough priority in business, politics, and society today? Why, or why not?
- Is there any relationship between the culture of a given country and the extent to which it will likely have a dynamic, growing economy? Are there cultures that would be more likely to limit economic growth and even result in poverty? Defend your answer.There is strong connection between income inequality and wealth inequality.” Do you agree or disagree? Explain your answer based on the reading discussed in the unit and provide country-specific examples including Australia.Do governments and companies in developed countries have an ethical responsibility to contribute to economic growth and social development in developing countries?