Please discuss the reasons behind underdevelopment issues and the poverty issues of less developed countries, and reasons and solution suggestions in the context of the liberal perspectives on economic development

Please discuss the reasons behind underdevelopment issues and the poverty issues of less developed countries, and reasons and solution suggestions in the context of the liberal perspectives on economic development

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 7E

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Please discuss the reasons behind underdevelopment issues and the poverty issues of less
developed countries, and reasons and solution suggestions in the context of the liberal
perspectives on economic development

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In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE to be effective or well-directed economic development strategies to alleviate global poverty? Group of answer choices Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies. Traditional aid projects to the less developed economies have been inflexible and ineffective. Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them. The primary stumbling block to development in poor countries has been the bad advice they received from the rich…
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