Examlex
Describe what it means to say that an economic development project is culturally compatible.List the advantages of ensuring that projects are culturally compatible.
Foreign Aid
Is financial, technical, or material assistance given by one country to another, usually for developmental purposes or humanitarian aid.
Loan Interest
The additional amount charged by a lender to a borrower for the use of borrowed funds, usually expressed as an annual percentage of the principal.
Dependency Theory
Views economic underdevelopment as the result of exploitative relations between rich and poor countries.
Modernization Theory
Holds that economic underdevelopment results from poor countries lacking Western attributes. These attributes include Western values, business practices, levels of investment capital, and stable governments.
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