Economic assistance given by countries or global institutions to foreign countries in order to promote development or social welfare is also known as:
A) outsourcing
B) foreign aid
C) World Systems theory
D) globalization loans

Question

Quizplus · Accepted Answer

The economic assistance given by countries or global institutions to foreign countries to promote development or social welfare is generally referred to as foreign aid. Outsourcing refers to delegating tasks or services to an external company or individual. World Systems theory is a sociological perspective on globalization and the world economy. Globalization loans is not a commonly used term in economic literature.

Economic Assistance Given by Countries or Global Institutions to Foreign