Question: Often it is blithely stated that a country should pull itself up by its own bootstraps. From the standpoint of shifting the production possibilities curve

Often it is blithely stated that “a country should pull itself up by its own bootstraps.”

From the standpoint of shifting the production possibilities curve outward, improving educational systems is an example of this. Referring to the data for LDCs in Table 1.3, discuss the practical problems of such a recommendation for a very poor country.

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