Explain the Shift of the IMF and World Bank's Shift

question 82

Essay

Explain the shift of the IMF and World Bank's shift to Poverty Reduction Strategy Papers (PRSPs)?

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Definitions:

Hunches

Intuitive feelings or guesses without conscious reasoning, often based on experience.

Bounded Rationality

The concept that individuals make decisions based on the limited information available to them and their cognitive limitations.

Classical Decision Theory

A framework for understanding and improving decision-making processes, emphasizing rational choices based on available information and preferences.

Perceive

To perceive means to become aware or conscious of something through the senses, or to interpret in a certain way.