Development in the world, in terms of economy, technology, and living, is not uniform. Some countries are developing fast, while others are still battling with primary issues like food, clothing, and shelter. Uniform economic development across the world is important for healthy competition and a conducive growth environment. Development through industrialization is being considered as an effective way of bringing progress to developing economies. International organizations like the International Monetary Fund (IMF) are constantly implementing strategies, plans, and schemes to bring resources, funds, and other help required by nations lagging in development. As per the statistics, the five largest economies in the world in 2013 were the United States, China, Japan, Germany, and France. When a country faces severe economic crises, it needs help from ...

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