Developing nations are raising living standards by attracting investment, increasing human capital, and connecting to global markets.
Attracting investment is one of the methods developing nations are using to raise living standards. By encouraging foreign investment, countries can improve infrastructure, create job opportunities, and stimulate economic growth.
Increasing human capital and connecting to global markets are also strategies employed by middle-income countries to enhance living standards. By focusing on education and skills development while integrating into the global economy, these nations aim to boost their overall prosperity.
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