Role of entrepreneurs in fostering economic growth

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By the 1970s, Latin American development policies were coming under critique from both left-wing and right-wing intellectual perspectives. Choose TWO of the below critiques which emerged in this decade:

- Because the main religion of Latin America was Roman Catholicism, cultural norms impeded the role of entrepreneurs in fostering economic growth.

- The state's role in industrial policy was increasingly leading to macro-economic problems of distorted prices, high spending, rent-seeking opportunities, and uncompetitive manufactures.

- Economic growth had been occurring, but Latin American dependence on Northern technological inputs resulted in continuation of a subordinate position in the world-economy.

- Leftist governments in Latin American were too reliant on Chinese growth for sustainable development outcomes once commodity prices began to fall.

- Indigenous groups were not being allowed to engage in local development projects based on their own culture.

Reference no: EM133678151

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