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.
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to prevent history from happening in the future.
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After he settled in England, he became an active abolitionist, agitating and lecturing against the cruelty of British slave owners in Jamaica. ... Equiano is often regarded as the originator of the slave narrative because of his firsthand literary testimony against the slave trade.
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