Explain the view that influential economists argued that developing countries would suffer continually declining terms of trade unless they used commercial policy to move resources out of primary exports and into import substitutes.

Write an APA formatted paper with the minimum of eight (8) pages and answer the following: You must read your textbook and cite eight (8) peer-reviewed publications.
Select an underdeveloped or developing country, or choose India if you believe that India fits the definition or any other country.
Calculate the most recent GDP per capita of your country and go to the table 22-1 (chapter 22) to find out at what level of GDP per capita your country is standing compared with the rest of the world. Calculate the average per capita GDP of your country for the years of 19602018 and compare it with other countries (table 22-2).
Explain in detail the distinguishing features of developing and underdeveloped countries regarding
Government control over employment, production, financial markets, and nationalized industries.
Political, judicial, and educational institutions
The pattern of production, import-substitution, export-oriented, or single commodity
Considering those features give a detailed quantitative analysis of reasons that define your country as developing or underdeveloped. It should include the historical data at least for five years regarding:
The growth of GDP
The pattern of production between manufactured goods, services, and primary products
The ratio of export revenue to GDP, the degree of dependency
The inflation rate
The currency variation
The trade and current account balance
Explain the view that influential economists argued that developing countries would suffer continually declining terms of trade unless they used commercial policy to move resources out of primary exports and into import substitutes.
Analyze the data for funding that your country receives from foreign sources, grants, debt, or equity and how productive is the use of these funding.
Explain the existing opportunities of outsourcing, offshoring, and foreign direct investment (FDI) in your country
What are the obstacles for FDI in your country, legal, political, inflation, or currency risk?
Please explain if your selected country is underdeveloped, what is the prospect for your country to get rid of the vicious circle of poverty and move forward towards development?
If you have already selected a developing country, what is the prospect of your countrys GDP per capita catching up with the advanced industrialized countries? Please explain