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What is Unbalanced Growth theory?
Unbalanced growth shares analysis along with balanced growth theorists which free markets cannot produce development. Planning of government intervention and co-ordination is needed.
Conversely, unbalanced growth theorists argue that adequate resources cannot be mobilised through government to promote coordinated, widespread investments into all strategic industries.
They argue that some industries along with the greatest number of backward and forward links should be prioritised. All favoured industries grow quicker than other regions of the economy.
What is good governance? Governance is fundamentally another word for government and is a necessary precondition for development. It is how governments employ their authority
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