McMaster University Theories of Economic Development Analysis

User Generated

Xxxx12

Economics

McMaster University

Description

Requirement are listed below

your own perspective on african developing countries: you want to layout how the economy…key word policy, for instance, i would fix corruption, i would stop this war( these are not policies!!!). Make sure actually give some realistic policy recommendation and just based on economic argument, give economic argument incentives in place right now, what your policy would change about those incentives. 80% would counted from your summary, how good your policy is, argument ….

Read the article from The Economist magazine below. or I have a copy

https://www.economist.com/finance-and-economics/20... (Links to an external site.)Links to an external site.

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Explanation & Answer

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Part I
Response
The article on The Economist, "The path to economic development is growing more
treacherous, again," contend that economic development is enhanced by industrialization
supported by market liberation and creation of export industries. In a globalized environment,
countries develop when they encourage investment in industries to develop goods on a large
scale and at a lower cost. The approach enhances the transfer of knowledge. Also, the global
environment is open to companies that mass produce their goods at a cheaper cost and improved
qualities. The high competition in the mar...


Anonymous
I was struggling with this subject, and this helped me a ton!

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