Question

List five policies that DVC governments might undertake to promote economic development and expansion of income per capita in their countries.

Building human capital unchecked

Economic development training unchecked

Establishing the rule of law unchecked

Building infrastructure unchecked

More efficient central planning unchecked

Embracing globalization unchecked

Overthrowing corrupt governments unchecked

Promoting entrepreneurship

Answer 1

DVC is an abbrevation for developing countries. Developing countries are generally categorized as countries that are less industrialized and have lower per capita income levels. Countries with a GNI of US $11,905 and less are defined as developing (specified by the World Bank). There are around 137 countries under this category. Developing country is a term generally used to describe a nation with a low level of material well-being.

The DVC countries needs to focus on the below mentioned areas in order to promote economic development and increase in per capita income.

The correct options are:-

Building human capital.

Establishing the rule of law.

Building Infrastructure.

Embracing Globalisation.

More efficient central planning.

Hope you got the answer.

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Thanks!