Final answer:
The challenges and opportunities facing an LIC/NEE city should be evaluated to determine the extent to which one outweighs the other.
Step-by-step explanation:
When evaluating the challenges and opportunities facing a less economically developed country (LIC) or newly emerging economy (NEE) city, it is important to consider the extent to which the challenges outweigh the opportunities. This assessment depends on various factors such as economic development, infrastructure, social and economic reasons, and political stability.
For example, in some cases, the challenges of rapid urbanization, lack of access to basic services, and insufficient infrastructure can overshadow the opportunities for economic growth and development. On the other hand, if a city has favorable investment climate, good governance, adequate infrastructure, and sound economic policies, the opportunities may outweigh the challenges.