Question

1-What are the impacts of international banking operations on less-developed countries?

Answer 1

Impacts:

1. Less Developed Countries get access to foreign capital and more finds which help in growth of less developed countries.

2. International banking operation help in remittance by local people to reside abroad and send their earnings back home.

3. It provides loans at relatively lower cost for developmental works.

4. Moreover entry of foreign banks in underdeveloped countries are part of foreign direct investment and increases the foreign exchange reserves of underdeveloped countries.

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