How can the savings gap be plugged low savings are a, Ask an Expert

Economics

How can the savings gap be plugged?

Low savings are a barrier type to growth. All developing countries have low incomes therefore low savings. A savings gap can be met through:

• Foreign aid: the UN target is for developed countries to offer 0.7% of Gross Domestic Product as aid.

• Foreign direct investment as like through multinationals

• Surplus through international trade

• Decreased domestic expenditure creates further savings.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580071

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