Asked by Nadira Askarbekkyzy on Apr 24, 2024
Verified
Why do some scholars suggest that changes to foreign aid policies and debt repayment programs have made it particularly difficult for poor countries to raise their standards of living? What is the other side of this debate?
Foreign Aid Policies
Government strategies and actions aimed at providing economic, technical, or military assistance to other countries.
Debt Repayment
The act of paying back borrowed money, usually including both the principal amount and any accrued interest.
Standards of Living
A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.
- Critically assess the effects of foreign aid policies and debt repayment on global poverty.
Verified Answer
Sachs,on the other hand,points out that China and India have been able to decrease the poverty in their countries because of the economic opportunities resulting from globalization.Certain cities and sectors in both China and India have benefited from foreign investment and have become economically competitive and successful.
Learning Objectives
- Critically assess the effects of foreign aid policies and debt repayment on global poverty.
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