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Please answer the following questions. Thank you Please explain each answer 1. How important is foreign aid for low- and middle income developing economies in

Please answer the following questions. Thank you

Please explain each answer

1. How important is foreign aid for low- and middle income developing economies in relation to their other sources of foreign-exchange receipts? Explain the various forms that official development assistance can take, and distinguish between bilateral and multilateral assistance. Which do you think is more desirable, and why?*

2. Under what conditions and terms do you think developing countries should seek and accept foreign aid in the future? If aid cannot be obtained on such terms, do you think developing countries should accept whatever they can get? Explain your answer.*

3. What are the principal sources of government revenues in developing countries? Why are many taxes so difficult to collect? Discuss.*

4. In what ways do you think taxation and expenditure systems in developing countries could be improved? Be specific.*

5. What do you think should be the role of the state in contemporary developing countries? Is the choice between markets and government an either-or choice? Explain your answer.*

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