Read the following passage and mark the letter A, B, C or D on your answer sheet to indicate the correct word or phrase that best fits each of the following numbered blanks. Development economics is the branch of economics that focuses on the special (28) ________ problems faced (29) _________ poor and underdeveloped countries. (30) ________ classical economics, development economics studies the social and political factors that affect economic growth. It addresses the problem of the Third ...

Read the following passage and mark the letter A, B, C or D on your answer sheet to indicate the correct word or phrase that best fits each of the following numbered blanks.

Development economics is the branch of economics that focuses on the special (28) ________ problems faced (29) _________ poor and underdeveloped countries. (30) ________ classical economics, development economics studies the social and political factors that affect economic growth. It addresses the problem of the Third World debt and the role of the World Bank and International Monetary Fund in continuing that debt with strict repayment rules. Scholars in the field have proposed that the best long-term solution (31) __________ to excuse much of the debt. Debtor nations also must be helped to establish stable governments and self-sustaining economies. The goal is to help them become trading partners with creditor nations. An important means to that end is to (32) _________ the growth of a strong middle class. Some ways to do that include guaranteeing education for all, allowing free trade, and providing medical care. Governments must allow for elected representatives and independent court systems.