Business, 04.06.2020 13:20 dwilburn01

In this lesson, you learned all about the economic development of foreign countries, including the many obstacles those nations face. For today’s discussion, free write on the idea of economic development in foreign nations. Why have some nations been able to prosper while others remain very poor? What role should the United States play? Your response should be about one or two well-developed paragraphs on this topic.

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Answer from: nmadrigal

Please see explanations below.

Explanation:

Economic development is the improvement in the standard,well being or quality of living of a country's citizen. It is an improvement to economic growth, which is the ability of a country to produce goods and services in large quantities over a period of time.

Most developed nations do not become developed overnight. These developments are as a result of long term plan and having focused leaders. When a country puts into perspective sound macro economic policies such as investment in critical infrastructure, encourage export , investment in and promotion of selected industries, universal primary and basic secondary education, investment in agriculture etc. All these are long term planning which most prosperous nations invested in.

Having a focused leader is also important for a Nation to prosper. When a country has a leader who is focused, then he would have vision for developing his country and work towards the fulfilment.

On the other hand, most nations remain poor due to so many reasons. Financial misappropriation, which is common among poorer nations especially in Africa. People misuse public funds which are meant to to provide infrastructure, healthcare; heavy taxation,etc. There is also lack of education. Unqualified people are employed in a position meant for those who are qualified.

The role of United States have always been ; proving funding for infrastructure development, health care facilities, education, military training, etc. Such roles should be sustained in these poorer nations and improved upon subsequently.

Answer from: Quest

i would prefer to go with the news article for nate, its recent and updated and stores a lot of information

Answer from: Quest

The correct answer is "b) net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."

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