Economic Development – Flashcards
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Why are environmental problems common in developing countries?
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Developing countries often specialize in manufacturing and providing raw materials, which can seriously harm the environment.
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Which statement accurately describes a developing country?
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The country's population has a high growth rate.
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What does the International Monetary Fund (IMF) seek to accomplish for developing countries?
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The IMF provides economic advice and loans to developing countries.
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How might foreign investment be problematic for a transitioning economy?
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It may be difficult to adjust to another nation's influence.
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Why might developed economies want to outsource manufacturing and other jobs to developing economies?
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Developed economies can find more inexpensive labor in developing economies.
