Question

Many of the underdeveloped
countries will promote the growth
of their economies in one way or
the other, no matter whether they
receive substantial outside aid in
the process or not. The character of
that development, however, is likely
to be strongly influenced by the
types of and amounts of aid
available. The outcome is much
more likely to be favourable, from
the standpoint of the objectives for
successful development set up
previously, if there is substantial
international aid than if there is not
By substantial aid I mean not only
large amounts of technical
assistance but also of capital.
Initially, the capacity of an
underdeveloped country to use
capital productively may be
surprisingly small, limited by lack of
organisation, trained personnel and
other social obstacles. At this stage
technical assistance is the main
need from outside, with
comparatively small amounts of
ranital much of which may have to​

Answer 1

Answer:

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