Archive for April, 2011

a) Explain the various types of aid which a developing country might receive. The largest source of assistance received by developing countries today is aid. There are three types of aid; humanitarian, bilateral, and multilateral. Humanitarian aid can be provided by individual countries or by a United Nations agency. Humanitarian is usually provided to help [...]

a) Explain three institutional factors that may contribute to potential economic growth in developing countries. It is not enough for a country in increase it’s output to develop. They must also have a solid infrastructure to develop economically, a macroeconomic goal. There are five main institutional factors that may contribute to potential economic growth in developing [...]