Differences in Development

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Differences in Development:

Laos Vs USA:

Economic Factors:

USA:Largest economy in the world

Wealth is based around manufacturing (vehicles, electronics, weapons)

Farmers are SUBSIDISED by the government

Industries are protected from poor global prices (PROTECTIONISM)

30billion was given out to corn, cotton & wheat farmers in 2010

75% of US exports are manufactured goods (Automobiles, Computers, medicines)

28% of Americans have a university degree

41% of US land is used for agriculture

Average farm size is 400 acres

31% of farms are 200 acres or more

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