Question

foreign economic cooperation is essential for the development of backward countries.why?

Answer 1

Japan extends economic cooperation toward developing countries for the purpose of assisting their economic and social development, and stabilizing the livelihood and improving the welfare of their people

Answer 2

"Foreign economic cooperation is necessary for the development of any backward company. This is because backward companies do not have enough capital and resources for their growth.

However, they do have some resources that can be beneficial for a country that is already developed and needs the resources they have to offer.

So to exploit their resources, foreign countries might be interested in forming an allegiance with backward countries.

For this reason, international economic cooperation is essential for the development of backward countries.

"