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What is the Monterrey Consensus?
The World Bank estimates aid should increase by $50bn to resource the main aim of the Millennium Development Goals: containing the number of people living upon less than $1 a day by 2015 year. The Monterrey Consensus agreed through 170 countries agreed a modern global approach to financing development as like the Monterrey Consensus
• Global free trade and private investment control and manage the key to development.
• To be eligible for debt reduction less developed countries should first undertake political, economic and legal reforms to create markets and trade work.
Identify the features of informal sector in African countries
The Concept of Equity is explained below: Equity represents that the principle of taxation which emphasizes fairness or just the sacrifice, which is everyone must pay the tax d
QUESTION 1 (a) Explain the meaning of asymmetric information, adverse selection and moral hazard and their implications on the role of commercial banks in the financial interme
How can the savings gap be plugged? Low savings are a barrier type to growth. All developing countries have low incomes therefore low savings. A savings gap can be met through
Is the impact of globalisation a problem? Globalisation consider as to the increasing integration of national economies into terms of financial flows, trade, concepts, informa
What is the definition of land productivity?
Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural
Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality
How does economic theory contributes to managerial decisions?
Explain how getting right price affected the market for promoting development. Getting prices right implies: • Abolishing price controls as well as subsides on fundamentals.
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