Question

What do theories about economic development not assume?

a) That economic growth can solve national problems.
b) That economic growth will provide social equity.
c) That global economic integration will help all countries.
d) That foreign aid to less developed countries will lead to better lives for the citizens of these countries.

Answer 1

Theories about economic development do not assume that foreign aid to less developed countries will lead to better lives for the citizens of these countries.

Step-by-step explanation:

Theories about economic development do not assume that foreign aid to less developed countries will lead to better lives for the citizens of these countries. There is a debate among development economists about the effectiveness of foreign aid, with some arguing that it often ends up in the wrong hands and does not lead to meaningful development. This viewpoint is supported by economist Dambisa Moyo, who suggests that increases in trade, direct private investment, and other financing options may have greater promise than foreign aid.