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Distinguish between interventionist and market-led strategies of development.
Explanation of interventionist strategy; heavy government involvement in the planning of output, prices and also limits to free trade (and possible references to notable exceptions - for instance Singapore). Market-led strategies commonly focus on reducing/removing barriers and limits on trade and capital, with non-intervention by government as a guiding general principle.
explain about integrability problem
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Neoclassical economics is dominant approach to economics currently taught and practiced in most of the world (and particularly dominant in Anglo-Saxon countries). It attempts to ex
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