How has the World Bank tried to change its approach to development, and how successful has it been?

Q: Are living standards of developing and developed nations converging?

A: The developed and developing countries are classified on the basis of their per capita income. The…

Q: Is population growth a problem?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Why might microlending produce more widespread results than World Bank lending?

A: The World bank typically lends to the governments of different countries and not to individuals…

Q: elaborate on specific policies that developing countries can adopt to protect the domestic…

A: Protectionism is a policy of using tariffs, subsidies, import tariffs, as well as other barriers to…

Q: How can development aid help a country

A: Economic aid is the aid or economic assistance from one nation to another. The economic aid could be…

Q: What type of assistance do both IMF and the world bank provide to one or more developed nation(s)?…

A: The two institutions, which were founded in 1944 at the Bretton Woods conference, have similar…

Q: how does political stability affecting the development and growth?

A: Political stability in country play a important role in development of economic it involves several…

Q: Post-world war II economic development era is an/a_______ of globalization.

A: In the world economy, globalization plays a significant role in connecting different economies to…

Q: Is it true that economic growth is the only way to improve living standards in developing countries?

A: Gross domestic product is the total production of goods and services in an economy. It is the…

Q: What actions can/do governing authorities take that hinder economic development?

A: Governing authorities in many economies play an essential role in the development process, which…

Q: What is the difference of International Monetary Fund and the World Bank in terms of roles?

A: The difference between  International Monetary Fund and the World Bank in terms of roles can be…

Q: Why do you think that the governments of developing countries actually hurt their people instead of…

A: The International Monetary fund is an international body that contains 190 countries, it works as a…

Q: Discuss Preventive Measures of the World Bank to Reduce Poverty on developing countries

A: The financial organization that lends money to those countries that have low per capita income is…

Q: What is the role of foreign aid in economic development?

A: Economic development is the primary objective of all economies. Economic development includes…

Q: Justify the importance of regional cooperation for developing economies

A: Regional cooperation refers to the political and institutional processes developed by countries in a…

Q: Given the diversity of developing countries, do you think there could ever be a single, unified…

A: The economic development involves the improvement in the number of indicators such as life…

Q: According to you, which one is the most important development indictor? Provide justification to…

A: Development indicators are Usually a mathematical proportion of Quality/standard of living in a…

Q: What one aspect of people’s lives would you prioritize for receiving aid in developing economies

A: A country will be charecterized as developing, if its industries are still developing, along with…

Q: describe and explain the commonalities of low-income, middle-income or developing countries.

A: Low-income countries:- These are those countries whose GNI (Gross National Income) per capita is…

Q: Why is an understanding of development crucial to policy formulation in developing nations?

A: A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A…

Q: What is the term that is used by the World Bank to rank Economic Development for the various…

A: Introduction  Economic development is the growth of the standard of living of a nation’s people from…

Q: Discuss and evaluate: The biggest obstacle facing poor nations in their quest for development is the…

A: In the wake of the food,financial and fuel crises there is a need to focus of linking the finance to…

Q: Do you agree that the IMF hurts developing countries?

A: It has been observed in the past and following many debates have come up with the issue of how IMF…

Q: To what extent do you believe that technology transfer, access to short term financing and…

A: A country is said to be a developed country if its gross domestic product is high and the standard…

Q: Is the concept of the developing world a useful one? Why or why not?

A: The economic development refers to the improvement in the economic activities of a country. The…

Q: What are the failures of the world bank business indicators?

A: A business can be defined as a commercial activity that seeks to profit by providing goods and…

Q: how do you think measuring economic development can empower a country's people.

A: Economic growth helps to create higher tax revenue and such revenue is used for different type of…

Q: What are two criticisms in World Bank and two of its opportunities in the future?

A: The economies around the world tend to work together with each other with the help of various…

Q: What are the things that a developing country should improve in order to strengthen its position in…

A: Having more money implies organizations have the assets to acquire capital, further develop…

Q: Why is economics central to an understanding of the problems of development?

A: The development of an economy is based on the development of the infrastructure, the industries and…

Q: What governmental and non-profit organization policies and initiatives do you think would be the…

A: A wider term than economic growth is economic development.

Q: Give two factors that affects development of a country and explain its reason.

A: In a country's development, the job of economic factors is conclusive. A load of capital and the…