A developing country can substantially increase its economic growth if its businesspeople are willing to invest in modern industries that have not yet been pursued there. ███ █████ ███ █████ ██ ██████ ██ ██ ████████ ██ ████ ██████ █████████ ██████████████ ████ ██████ █████████ ██ ████ ████ ████ █████ ██ ███ ████████ █████████ ████ █████ ██████ ████ ██████ ██ ███ ████ █████████ ███ ███ ███████████ ████ ███ ████ █████ ████████
In developing countries, if businesspeople invest in new industries, then the country can increase its economic growth. However, being the first to invest in an industry is risky. If the business succeeds, other investors in the same industry will also cut into the profits, so businesspeople have little to gain from this risk.
If a developing country wants to increase growth, it could increase the incentive for businesspeople to invest in modern industries not yet pursued.
The statements above, if true, ████ ████████ ███████ █████ ███ ██ ███ █████████ ███████
Once a developing ███████ ███ ██ █████ ███ ████████ ██ █ ██████ █████████ ███████ ██████████ ██ ████ ████████ ████ ███ ██████████ ██ ███ █████████ ████████ ███████
In developing countries, █████ ██ ███████ ███████████ ██████ ██████ ██████████ ████ ██████ ███████████ ███████████
A developing country ███ ████████ ███ █████████ ███ ████████ ██████ ██ █████████ █████ █████████ ███ ██████████ ██ ██████ ██████████ ████ ████ ███ ███ ████ ███████ ██████
A developing country ████ ███ ██████████ ████████ ██████ ██████ ███ ██████████████ ██████ ██ ██████ ███████████
Investments in a ██████ ████████ ██ █ ██████████ ███████ █████ ██████ ████ ██ ████ ██ ███ ███████ ███ ██ █████ ███ █████ ████████ ██ ████ █████████