Examlex
One advantage that a federal system has over a highly centralized government is that it allows states to experiment with ways to improve public policy.
Developing Countries
Nations with a lower living standard, underdeveloped industrial base, and a low Human Development Index (HDI) relative to other countries.
Foreign Aid
Financial or material assistance given by one country to another, often to help with development projects, disaster relief, or economic stabilization.
Private Investment
The expenditure by private sector entities on assets to increase their capacity or efficiency, as opposed to public or government investment.
Foreign Exchange
The trading of one currency for another or the conversion of one currency into another currency, crucial for international trade and investment.
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