ADMICRO

Development economics is the branch of economics that focuses (i)  _______  the special economic problems faced by poor and undeveloped countries. (ii) _______ classical economics, development economics studies the social and political factors that affect economic growth. It (iii) _______  the problem of Third World debt and the role of the World Bank and International Monetary Fund in continuing that debt with strict repayment rules. Scholars in the field have proposed that the best long­term solution is to excuse much of the debt. Debtor nations also must be helped to establish (iv) _______ governments and self-sustaining economics. The goal is to help them become trading partners with creditor nations. An important means to that end is to encourage the growth of a strong middle class. Some ways to do that (v) _______ guaranteeing education for all, allowing free trade, and providing medical care. Governments must allow for elected representatives and independent court systems.

(iv)_____

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