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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;
• Government planning results within government failure that is government intervention into the market fails to bring about an efficient provision of resources for example planning process makes a bureaucracy. For a complete discussion notice why state approaches are sometimes seems as unsuitable for promoting development.
• LDC development policies considering onto import substitution, agricultural self-sufficiency as well as state control of production yield poor growth.
What is the Marshal Plan? Marshal Plan: The Marshal Plan noticed massive aid to post war Europe that led to quick recovery. That Marshal Aid helped but the accurate social
law of demand
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What is the success effectiveness of multi-national companies (transnationals) in the promotion of development? TNC FDI success into promoting development: • Introduces mode
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How can be comparative advantage improved? Comparative advantage can be gained or improved through: • Investment during the education and also in training • Investment wi
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