Asked by Gloria Martin-Mays on Jun 09, 2024
Verified
Private international borrowing and lending is freely allowed by governments of developing countries.
Private International Borrowing
The process by which private entities or corporations in one country borrow funds from foreign lenders, including banks or investors.
Lending
The act of giving money, property, or other material goods to another party with the expectation of future repayment of the principal amount along with interest or other finance charges.
- Acquire knowledge about how economic development is affected by policies from both the international and domestic spheres, specifically through trade restrictions and the application of macroeconomic strategies.
Verified Answer
AG
Artur GertihJun 13, 2024
Final Answer :
False
Explanation :
Many governments of developing countries impose regulations and restrictions on private international borrowing and lending to control capital flows, manage external debt, and protect their economies from volatility.
Learning Objectives
- Acquire knowledge about how economic development is affected by policies from both the international and domestic spheres, specifically through trade restrictions and the application of macroeconomic strategies.