Exam 22: The Economics of Developing Countries

Industrially advanced countries can help developing countries by

One of the major objectives of the World Bank is to

The World Bank

If the per capita incomes of DVCs (developing countries) grew at the same annual rate as those of IACs (industrially advanced countries), then the absolute income gap between rich and poor nations Over the years would

China is close to catching up with the United States in its standard of living as measured by per capita income.

A large portion of government-provided foreign aid to developing countries

Most developing countries (DVCs) exhibit a low level of

Why do developing nations often have low labor productivity? Are the workers just lazy?

Which of the following is generally not an effective strategy to promote DVC growth?

In 2017, foreign aid from the IACs was

The populations of the developing nations are growing

Infrastructure is best illustrated by

The very poorest low-income DVCs typically have relatively

One of the major investment obstacles in less-developed nations is

Over the next 15 years, ___ out of every 10 people added to the world's population will be born in developing countries.

To stimulate economic growth, it would be best if developing countries adopted policies to

One policy recommended by most economists for promoting economic growth in DVCs is the nationalization and protection of domestic industries.

Examples of low-income developing countries are

The capricious universe view is the idea that the IACs are exploiting the DVCs.

The vicious circle of poverty is based on the connections between low income, low saving, low investment, and low productivity.