Explain How Policies Toward Private Capital Flows to Developing Countries

question 16

Essay

Explain how policies toward private capital flows to developing countries were radically different in the 1990s.How did these changes combine to alter the composition,as well as the scale,of private capital flows to the developing world?

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Definitions:

Hofstede

A researcher known for his studies on how culture influences values in the workplace and in societies at large.

Rank-Order

A method of arranging data or participants based on their score or position relative to one another.

Individualistic

Emphasizing the moral worth of the individual and favoring freedom of action for individuals over collective or state control.

Hofstede

A Dutch social psychologist who developed a model identifying five dimensions of culture that help to understand differences in societies: power distance, individualism versus collectivism, masculinity versus femininity, uncertainty avoidance, and long-term versus short-term orientation.