5. International trade and development Identify whether each scenario in the following table is an example or foreign aid, import substitution, or export promotion. Scenario In January 2007, the Pakistani government provided research and development support and loans to local textile companies that sold their products abroad. In 1989, Japan announced a three-year, $600 million grant program to help alleviate poverty in Africa. After World War II, the Argentine government actively supported domestic production of textiles, leather, and home appliances in an effort to become more self-sufficient and less reliant on foreign goods. Which of the following are common criticisms of foreign aid? Check all that apply. Other countries could retaliate by instituting trade restrictions. It harms the agricultural sectors of poorer countries. Corrupt governments misuse aid funds. Foreign Aid Development Strategy Import Export Substitution Promotion O O

5. International trade and development Identify whether each scenario in the following table is an example or foreign aid, import substitution, or export promotion. Scenario In January 2007, the Pakistani government provided research and development support and loans to local textile companies that sold their products abroad. In 1989, Japan announced a three-year, $600 million grant program to help alleviate poverty in Africa. After World War II, the Argentine government actively supported domestic production of textiles, leather, and home appliances in an effort to become more self-sufficient and less reliant on foreign goods. Which of the following are common criticisms of foreign aid? Check all that apply. Other countries could retaliate by instituting trade restrictions. It harms the agricultural sectors of poorer countries. Corrupt governments misuse aid funds. Foreign Aid Development Strategy Import Export Substitution Promotion O O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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