dolution

How do we know the status of national economies? What measures are used to determine their economic well-being? Since governments have the power to print money as they need it, why/how do states fall into debt? Why is it so difficult for states to get out of debt?(200-300)2. ls it indeed possible that the world community is evolving toward a global identity? Why? Why not? What are the likely consequences of such a situation? What are the consequences should that not occur?(200-300)
3. ldentify and briefly describe the variety of strategies available to developingcountries that choose to pursue an economic growth/industrialization path. Define the conditions that apparently need to be in place for this development process to happen.Analyze the structure, process, and feasibility of economic development in the twenty-first century.(200-300)