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Development Methods (Micro Finance (Pros (Escape Poverty Trap, Businesses…
Development Methods
Micro Finance
Micro finance are loans given to poor people without the need for collateral, this is a way for poor people to gain capital and start businesses
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Cons
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Usually government provided, no or low profit
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Foreign Aid
Aid provided by foreign governments, can be in different forms for example humanitarian or project based
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FDI
Foreign direct investment - provided from foreign companies, for example building infrastructure or opening a factory in the foreign country
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Government Loans
When the government takes loans from the IMF, other governments or banks
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