Early models of economic development argued that Western governments had to help developing countries out of their traditional stage by:
A) offering foreign aid
B) offering bank loans
C) increasing trade
D) encouraging foreign investment
E) All of the above

Question

Quizplus · Accepted Answer

Early models of economic development, such as Rostow's stages of economic growth, suggested that developing countries needed assistance to progress from their traditional stage to higher stages of development. This assistance could come in various forms, including foreign aid to support development projects, bank loans to finance growth, increasing trade to integrate into the global economy, and encouraging foreign investment to bring in capital, technology, and expertise.

Early Models of Economic Development Argued That Western Governments Had