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6) How important have the 1World Bank (WB) and International Monetary Fund (IMF) been as sources of funds for less developed countries? Do you think

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6) How important have the 1World Bank (WB) and International Monetary Fund (IMF) been as sources of funds for less developed countries? Do you think there should be any changes in WB and IMF programs and conditions? Why? 7} \"Community-driven development has the potential to make poverty reduction efforts more demand-responsive, more inclusive, more sustainable, and more cost effective than traditional centrally led programs\". Critically evaluate this statement. 8) Explain the essential distinctions between the Harrod [3941:0135 growth theory of development and the Solow growth theory. Which model do you think provides the best explanation of the situation in most developing nations? Explain your answer. 9) Briey explain how trade can promote economic development of a developing country. Discuss briey the trade optimistic and trade pessimistic arguments. 10) Distinguish between absolute poverty and relative poverty. By using an appropriate formula explain the term \"total poverty gap\

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