Asked by Larissa Vanolli on Jul 25, 2024
Verified
One way through which industrially advanced economies can help DVCs is known as "official development assistance (ODA) ," or more simply,
A) foreign investment.
B) international capital.
C) foreign aid.
D) international trade.
Foreign Aid
Financial or material assistance provided by one country to another, often to support economic development or humanitarian efforts.
International Trade
The exchange (trade) of goods and services across international borders.
- Evaluate the effectiveness of different types of foreign aid and development assistance policies.
- Recognize the role of international organizations and initiatives in promoting economic development in developing countries.
Verified Answer
HZ
Huihui ZhengJul 29, 2024
Final Answer :
C
Explanation :
Official Development Assistance (ODA) is more commonly referred to as foreign aid, which includes grants and loans provided by developed countries to support the economic, environmental, social, and political development of developing countries.
Learning Objectives
- Evaluate the effectiveness of different types of foreign aid and development assistance policies.
- Recognize the role of international organizations and initiatives in promoting economic development in developing countries.
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