Richer countries can send money and expertise {foreign aid}| to poorer countries. Aid can require loans or purchases. Foreign aid must be long-term to make exports increase. Foreign aid has little effect if receiving country has political trouble or management and work skills are low. Savings rates must be high, and capital yields must be great. Aid can help giver countries whose economy has contracted.
Social Sciences>Economics>Macroeconomics>International
6-Economics-Macroeconomics-International
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Date Modified: 2022.0224