Developing Nations | Chapter 3 Preface

Aid to developing nations takes many forms. Some aid is in the form of direct monetary assistance—grants and loans aimed at stimulating developing nations’ economies. For example, the United States provided roughly $10 billion in monetary aid to developing nations in 2000. A second, related form of aid is debt relief: the cancellation or restructuring (for example, lowering the interest rates) of previous loans. Government and charitable organizations also provide humanitarian aid to developing nations in times of crisis, sending shipments of food, clothing, and medical supplies, as...

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