Free trade alone, some argue, is a necessary but not sufficient prereq

QUESTION

Free trade alone, some argue, is a necessary but not sufficient prerequisite to help the world’s poorest countries bootstrap themselves out of poverty. They also recommend:

A. a highly regulated command economy.

B. weaker property rights laws.

C. weaker labor regulations.

D. large-scale debt relief.

E. rapid expansion in population.

ANSWER

D
Free trade alone is a necessary, but not sufficient prerequisite to help HIPC countries bootstrap themselves out of poverty. Instead, large-scale debt relief is needed for the world’s poorest nations to give them the opportunity to restructure their economies and start the long climb toward prosperity.