Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs (Developing and Vulnerable Countries)?

A. Admitting more temporary workers from DVCs
B. Reducing the amount of debt relief for DVCs to make them less dependent
C. Eliminating loans from the World Bank because it encourages bureaucracy
D. Eliminating financial control of central banks where they have been established

Question

27-07-2024
Social Studies

Answered

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs (Developing and Vulnerable Countries)?

A. Admitting more temporary workers from DVCs
B. Reducing the amount of debt relief for DVCs to make them less dependent
C. Eliminating loans from the World Bank because it encourages bureaucracy
D. Eliminating financial control of central banks where they have been established

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-27T14:48:58-04:00

Final answer:

To foster economic growth in DVCs, recommended policies include admitting temporary workers, reducing debt relief, and deregulating the banking sector.

Explanation:

Recommended Policy for Economic Growth in DVCs

Admitting more temporary workers from DVCs can boost economic growth by providing labor and skills transfer. Reducing debt relief for DVCs can hinder their development and sustainability. Deregulating the banking and financial sector can attract more investment and promote economic growth.

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