How do countries typically secure the funds they need to finance development? What is the most significant problem faced by many less developed countries in using this method to finance development?

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09-03-2020
Business

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How do countries typically secure the funds they need to finance development? What is the most significant problem faced by many less developed countries in using this method to finance development?

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Аноним Аноним · Answer 1 · 2020-03-12T04:18:07+01:00

Answer:

The correct answer is

World Bank/IMF loans-debt to MDCs

Self-Sufficiency-protection of inefficient businesses, need for large bureaucracy.

International trade- uneven source distribution, increased dependence on MDCs, and market decline.

Explanation:

The International Monetary Fund (IMF) and the World Bank are institutions that are part of the United Nations system and share an identical objective, namely, to improve the standard of living of member countries. The ways in which they achieve this goal complement each other: the IMF deals with macroeconomic issues, while the World Bank focuses on long-term economic development and poverty reduction.