Capital flight from DVCs (developing countries)tends to offset much of the foreign loans and aid that they receive from IACs (industrially advanced countries).

Question

Quizplus · Accepted Answer

Capital flight from developing countries often involves large sums of money leaving the country for safer or more profitable investments elsewhere, which can negate the positive impact of foreign loans and aid received from industrially advanced countries by reducing the net inflow of resources meant for development.

Capital Flight from DVCs (Developing Countries)tends to Offset Much of the Foreign