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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 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; • Go
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