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© 2012 Pearson Education, Inc. Publishing as Prentice Hall

International Monetary Fund (IMF)  An international agency whose primary goals are to stabilize international exchange rates and to lend money to countries that have problems financing their international transactions.

World Bank  An international agency that lends money to individual countries for projects that promote economic development.

Economic Development: Sources and Strategies

Strategies for Economic Development

Governments or Markets?

industrial policy  A policy in which governments actively pick industries to support as a base for economic development.

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