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What are the restrictions of unbalanced growth?
The restrictions of unbalanced growth:
• Frequently governments go for high status, capital-intensive and high tech projects as like steel works.
• Government planning results within government failure. For a complete discussion notice: why state approaches are sometimes considered as unsuitable for promoting development.
Taiwan, Malaysia, Singapore, and South Korea are which achieved high rates of growth into the late 20th century from government co-ordinate development policies counting protectionism, government subsidy, high levels of literacy and devaluation. In 1997 year, the East Asia financial crisis was an external shock from that all these economies are recovering yet.
What are the restrictions of dependency theory? The restrictions of dependency theory: • Self sufficiency and import-substitution strategy mean the advantages of Internatio
What are Harrod-Domar assumptions? The H-D (Harrod-Domar) model assumes as: • Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist
The end of fixed exchange rates
The word of Keynesian -styles A Keynesian come about the rules creators on purpose look for to motivate additional than one of the modules of aggregate demand to improvement numbe
How is business cycle essential in economic downturns and upturns? The Business Cycle: It is the short-run alternation between economic upturns and downturns. A
1.) Calculate the beta for your corporation. First you need to calculate the monthly return for your corporation for the recent 60-month period (use April 2006 through March 2011)
What is Employment and Unemployment? Employment and Unemployment: Employment: It is the number of people working within the economy. Unemployment: It is the nu
How is Harrod-Domar model used in planning? The Harrod-Domar model is helpful to government for setting target rates for saving required to deliver a specified rate of economi
Problem 1: "African Caribbean and Pacific (ACP) countries no longer have preferential access to the European market for their exports, except under provisions of „Special and D
(a) Using the basic concept of price elasticity of demand for his product, describe how the producer may raise his total revenue. (b) With reference to an initial set of marke
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