What Are the Five Major Channels, Which Developing Countries Use

question 62

Essay

What are the five major channels, which developing countries use to finance their external deficit?

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Definitions:

Cause of Action

A set of facts sufficient to justify a right to sue to obtain money, property, or the enforcement of a right against another party.

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.

Intended Beneficiary

An individual or group for whom a contract is specifically designed to benefit.

Promisor

The person who makes a promise or agreement to do something, especially in a contract.