A stable macroeconomic environment and reliable financial institutions help developing economies close the development gap.

Question

Quizplus · Accepted Answer

A stable macroeconomic environment and reliable financial institutions are important factors for promoting economic growth and development in developing economies. These conditions can help attract investment, stimulate entrepreneurship, and promote job creation, which can lead to a reduction in poverty and an increase in living standards. By contrast, an unstable macroeconomic environment and unreliable financial institutions can discourage investment, undermine economic growth, and exacerbate inequality and poverty. Therefore, developing economies that prioritize macroeconomic stability and financial sector development are more likely to close the development gap with developed economies.

A Stable Macroeconomic Environment and Reliable Financial Institutions Help Developing