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Does aid improve development?
Aid improves development as:
• Aid is utilized to increase productive capacity and the advantages of resultant growth is extensively spread and results within a reduction and removal of poverty, unemployment and inequality
• Aid represents an injection of resources into the economy which enable investment therefore growth,
• Aid can assist the transmission of new concepts.
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What is Economic development theory? Economic development theories and models seek to describe and predict how the: • Economies may develop or not over time in excess •
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