One suggested policy that industrially advanced nations could adopt to foster economic growth in less developed nations would be to:

Question

Quizplus · Accepted Answer

Directing foreign aid to the poorest DVCs would provide financial support to these nations to invest in infrastructure, education, and the development of industries. This would create job opportunities, increase productivity, and improve the standard of living, leading to sustainable economic growth. Additionally, foreign aid could be conditioned on implementing policies that support economic development, such as improving governance, reducing corruption, and promoting trade. This approach benefits both developed and developing countries as it promotes economic stability and reduces poverty and global inequality. Leaving the responsibility to the World Bank may not be the best choice as the organization has faced criticism for its approach to development and its focus on promoting globalization and neoliberal policies. Recruiting skilled workers from DVCs may lead to brain drain, reducing the capacity of DVCs to develop their economies. Targeting the banking sector only may not be sufficient to promote broad-based economic growth.

One Suggested Policy That Industrially Advanced Nations Could Adopt to Foster