Asked by Alana Burns on Jul 26, 2024
Verified
Industrially advanced countries can best help DVCs by
A) directing requests from DVCs for aid to the World Bank.
B) using the International Monetary Fund to determine exchange rates in DVCs.
C) increasing management control over development projects.
D) adopting policies that expand trade with DVCs.
Industrially Advanced Countries
Nations that have highly developed industries and infrastructure, often exhibiting high standards of living, stable economies, and technological advancements.
Developing Countries
Nations with a lower level of industrialization, income, and standard of living compared to developed countries.
World Bank
A worldwide financial agency that disburses loans and grants to poorer countries' governments for capital project endeavors.
- Discern the impact of international support and organizations, such as the World Bank, in the economic enhancement of less economically developed countries.
Verified Answer
SM
Sharo MaldonadoJul 26, 2024
Final Answer :
D
Explanation :
Adopting policies that expand trade with DVCs can help them improve their economies and increase their standard of living. This can include reducing trade barriers, providing technical assistance and training, and creating incentives for foreign investment. This approach can lead to sustainable growth in DVCs, rather than just providing temporary aid or handouts.
Learning Objectives
- Discern the impact of international support and organizations, such as the World Bank, in the economic enhancement of less economically developed countries.