A suggested policy for industrially advanced countries to adopt to encourage economic growth in developing countries would be
A) cutting debt relief for DVCs.
B) directing foreign aid to the more aﬄuent DVCs.
C) restricting immigration of low-skilled workers from DVCs.
D) reducing tariffs and import quotas on labor-intensive products.

Question

Quizplus · Accepted Answer

Reducing tariffs and import quotas on labor-intensive products would help improve the competitiveness of developing countries' industries, lead to increased exports, and stimulate economic growth. This approach aligns with the principles of fair trade and creates a mutually beneficial relationship between developed and developing countries. The other options, such as cutting debt relief, or restricting immigration, could potentially harm, rather than stimulate, economic growth in developing countries. Directing foreign aid to more affluent DVCs may also not be an effective solution as it may not target the areas that need aid the most.

A Suggested Policy for Industrially Advanced Countries to Adopt to Encourage