Many developing countries from Middle East to South America have attempted to master the process of development but have failed.
And one of the major reasons behind this is "Domestic Monopoly Power." Most of these countries are trapped in their local markets and do not open their markets internationally.
Domestic group interests have small incentives to open up their markets to international firms with advanced technologies.
However, if they even try to open their borders, they still remain trapped in low or middle levels of income.That's why poor countries remain poor over the period of time.
Answer:
a letter written by a person who is describing a current event
Explanation:
A primary source is a document from the time period of the event.
While most of these could be considered one, you have to do a process of elimination.
A scholarly article about an old event isn't a primary source, so it's not that.
An interview with a reporter who wrote about a current event is not a primary source because it is not the original document from the reporter.
A student's report about an event that occurred during her lifetime is a primary source, but it is not the best example.
