The following are all problems faced by developing countries in their business contract relationships with wealthier nations except:
A) lack of trained professionals to assist their governments in contract negotiations.
B) lack of natural resources to use as collateral for credit.
C) lack of economic bargaining power in dealing with more powerful multinationals.
D) lack of sophisticated legal mechanisms for dealing with contract disputes.

Question

Quizplus · Accepted Answer

Lack of natural resources to use as collateral for credit is not necessarily a problem faced by developing countries in their business contract relationships with wealthier nations. While it could be a disadvantage in some cases, it is not a universal challenge that most developing countries face. On the other hand, lack of trained professionals, lack of economic bargaining power, and lack of sophisticated legal mechanisms are commonly cited as challenges faced by developing countries in their business contract relationships with wealthier nations.

The Following Are All Problems Faced by Developing Countries in Their