Why do state approaches work into promoting development, Business Economics

Assignment Help:

Why do state approaches work into promoting development?

State planning and intervention is desirable due to the shortcomings of markets. The approaches range of state through planned economies by government setting outputs and prices.

Economic policy intends to protect domestic industry and encourage economic development through

• Heavy tariff barriers and a hostility to foreign direct investment to defend the home market for local firm’s for example

a. Limiting imports by quotas (limits onto the amount of imports permitted in a country)

b. High tariffs (taxes onto imports).

• High fixed swap over controls (high $/£) to create imports relatively inexpensive and exports relatively expensive

• State marketing boards purchase the output of tiny private sector farmers at well below world prices and utilize the foreign currency gain through profits to fund investment. There is low prices distort markets.


Related Discussions:- Why do state approaches work into promoting development

Regional products integration in retail stores, How do i come up with a pro...

How do i come up with a project based on the above topic

gnp rises, If nominal GNP enhances at a rate of 10 per cent per year where...

If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?

What are the differences among developing economies, What are the differenc...

What are the differences among developing economies? Developing countries are diverse. They can be different in terms of as: • Resource Endowment for example, a country is

Black-scholes model, Choose one stock from the New  York stock market which...

Choose one stock from the New  York stock market which has calls and puts available. Extract  the price change for each 3 month period over the last 12 months. Find the current yie

General agreement on tariffs and trade (gatt), General Agreement on T ...

General Agreement on T arif fs and Trade (GATT) A multilateral treaty, the basic goals of which are: (1) to liberalize and promote world trade via multilatera

Examine the costs and benefits - shared service model, Explain why Cae...

Explain why Caerphilly are considering this model of service provision Examine the costs and benefits of joining the shared service model. Your answer should cons

What factors will decrease staff availability, In long-term project plannin...

In long-term project planning, this is wise to suppose that staff will be accessible for project work for less than 100 per cent of the total accessible time. What factors will dec

PRODUCTION, Importance of production.

Importance of production.

Formulate qualitative forecast, Suppose you are the only market analyst in ...

Suppose you are the only market analyst in your company's management team. Your company belongs to the energy industry. It is an oil and gas company engaged in the exploration, d

Finacial Fiasco Book Review, Can anyone type me a paper on the book financi...

Can anyone type me a paper on the book financial fiasco? I will provide with a link to the book.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd