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Do policies that work in one country always work in another?
Less developed countries are similar but diverse in terms of history, institutions, culture and governance and many more.
• There is no one policy that guarantees development
• The efficiency of a specified policy depends on the exact circumstances of country as like the IMF is criticised for a one-size suits-all approach to development policy impressive the similar market orientated rules onto all countries irrespective of local conditions.
Economic analysis is done from the viewpoint of society or economy as a whole. The evaluation is done from a wider angle not merely in financial terms. . In 1936, Flood Control Act
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What are the limitations of balanced growth? The limitations of balanced growth: • The strategy of balanced growth is away from the resources of most poor countries; • Go
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What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
Tri-City Industries is considering two possible capital projects. Project A requires an initial investment of $240,000 and provides cash flows before tax of $120,000 in year one, $
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