In recent years, many DVCs have come to realize that
A) expanded international trade is harmful to DVCs.
B) private capital investment is essential for economic growth in DVCs.
C) the International Monetary Fund is the major institutional barrier to economic growth.
D) government involvement in economic development is the only avenue for economic growth.

Question

Quizplus · Accepted Answer

Many DVCs have realized that private capital investment is essential for economic growth. This is because private capital investment creates jobs, increases productivity, and encourages innovation. In contrast, government involvement in economic development can be inefficient and bureaucratic. While international trade can have some negative consequences for DVCs, expanding trade can also provide new opportunities for economic growth. The IMF does play a significant role in shaping economic policies in DVCs, but it is not the only institutional barrier to economic growth. Overall, the importance of private capital investment for economic growth is widely recognized among DVCs.

In Recent Years, Many DVCs Have Come to Realize That