a reliance on low-skilled professions

a high level of entrepreneurship

a low level of international trade

a reliance on natural resource exports

The Chinese government sells its ownership stake in a steel company.

The North Korean government purchases tractors for its collective farms

South Korea reduces the corporate tax rate to attract foreign businesses.

The Indian government increases funding for public education.

to reduce the average prices of certain goods

to reduce the amount of taxes that consumers pay

to protect its economy from foreign direct investment

to protect domestic businesses from foreign competition

The Chinese government sells its ownership stake in a steel company.

A Japanese car company purchases new assembly equipment

South Korea reduces the corporate tax rate to attract foreign businesses.

The Indian government increases funding for public education.

capital goods.

a strong agricultural sector.

human capital

a strong industrial sector

health care

education

energy

national defense

entrepreneurship

human resources.

capital resources

natural resources