Asked by Jeremy Quinonez on Jul 24, 2024
Verified
List the nine positive roles that DVC governments can play in promoting economic development.
Economic Development
The process by which a nation improves the economic, political, and social well-being of its people, typically through increasing levels of income, education, and health.
Positive Roles
The beneficial impacts or functions that entities or individuals have within systems, contributing to overall well-being or success.
- Analyze how government actions in less developed countries affect their economic progress.
Verified Answer
ZA
Zongezile AdotyiJul 25, 2024
Final Answer :
The nine positive roles listed for DVC governments are: (1)establishing the rule of law, (2)building infrastructure, (3)embracing globalization, (4)building human capital, (5)promoting entrepreneurship, (6)developing credit systems, (7)avoiding high rates of inflation, (8)controlling population growth, and (9)making peace with neighbors.
Learning Objectives
- Analyze how government actions in less developed countries affect their economic progress.