Asked by Michael Morales on Jul 06, 2024
Verified
A recommended policy for developing countries to stimulate economic growth would be
A) abolishing central banks.
B) more central planning by government.
C) encouraging more direct foreign investment.
D) expanding employment in state industries.
Direct Foreign Investment
Investment made by a company or entity based in one country, into a company or entity based in another country.
State Industries
Industries that are owned, controlled, or heavily regulated by government entities to provide public services or goods.
Central Banks
National institutions tasked with overseeing a country's currency, money supply, and interest rates, and supervising its banking system.
- Identify and analyze the impact of direct foreign investment on economic growth in developing countries.
Verified Answer
Learning Objectives
- Identify and analyze the impact of direct foreign investment on economic growth in developing countries.
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