Asked by Shelby Buckler on Jul 27, 2024
Verified
Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less-developed nations because of the
A) corruption in government.
B) availability of foreign aid.
C) need for a greater tax collection.
D) need for more public capital goods.
Economic Growth
An increase in the production of goods and services in an economy over a period, often measured by the rise in real GDP.
Corruption
The abuse of entrusted power for private gain, which can occur in various forms including bribery, embezzlement, and fraud, affecting economic development and governance.
- Explain the hindrances caused by widespread political corruption to the economic advancement of developing countries.
Verified Answer
JS
Japleen SohalJul 27, 2024
Final Answer :
A
Explanation :
Corruption in government has been a significant concern, undermining the effectiveness of DVC (Developing and Vulnerable Countries) governments in promoting economic growth. Corruption diverts resources, discourages investment, and can lead to inefficient allocation of resources, all of which hinder economic development.
Learning Objectives
- Explain the hindrances caused by widespread political corruption to the economic advancement of developing countries.