Illustrate what mistakes did policymakers make

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Reference no: EM1358842

1a) Why are poor countries poor and rich countries rich?

b) What are the main ingredients for economic growth?

c) What policies (if any) can be used to stimulate growth?

d) Illustrate what mistakes did policymakers make that have kept developing nations from growing more quickly?

e) What is meant by the "germ theory of disease" as it applies to the economics of poor nations? What would such a theory look like? Why is it important for economists to discover such a theory?

Reference no: EM1358842

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