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Why are state approaches occasionally considered as unsuitable for promoting development?
Liberal economists’ argument government intervention really thwarts development.
Government decides or affects through subsidies and tariffs what how and for whom to make. But it includes:
• Making a group of planners who may create key economic decision but frequently have incomplete information or lack of experience which resulting into: Wrong selection of investment projects:
a. Ineffective implementation and management of such projects
b. Unsuitable pricing and costing of output thereby distorting markets
c. Institutional weaknesses; inadequate and unreliable data
• Planning may be influenced by privileged and powerful groups which act into their own sectional interests
• Extensive regulations make opportunities for corruption and bribes.
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meaning,feautures
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What are the assumptions of Lewis? LDCs (Less Developed Countries) have two (dual) economies as: • Rural traditional economic and social practices, which overpopulated, s
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The following represents the potential outcomes of your first salary negotiation after graduation: Assuming this is a sequential move game with the employer moving first, indicate
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