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Explain which of the two strategies is most likely to lead to development.
Empirically, it seems rather evident that export-orientation has been more successful than import-substitution. The major point in putting forth this claim are that export-orientation has led to rapid growth whereas import-substitution has in fact been a dismal failure - resulting in the general abandonment of import-substitution as a main development policy. Though, as there always is in the dismal science, is that various specific policies in export-orientation in fact closely mirror policies executed in import-substitution policies.
Balance of Payments All countries have economic transactions with other countries. These consist of import and export of goods and services, official and private gifts and don
market structurs
An ecologist is interested in the possible negative effects of marinas and boat mooring areas on the abundances of fish. Having read Hurlbert's paper about pseudoreplication, he de
Define the term - Productivity Productivity is the concept which measures how outputs can be maximised from given inputs. In factories labour productivity is normally calculate
The different between williams managerial discretion model and baumol''s sales maximization model
A vital question is whether the equilibrium we have identified in labor market (with a high unemployment rate) can remain in long run. Will there not be adjustments which will take
Consider an economy that produces only three types of fruit: apples, oranges & bananas. In the base year the production & price data are as follows: Fruit
Define the Natural rate of unemployment Natural rate of unemployment is defined as the sum of rates of structural, frictional, and classical unemployment (excluding cyclical un
The aggregate demand curve shows the combinations of the price level and the level of output at which the goods and money markets are simultaneously in equilibrium. Let us now go o
What are forms of price floors to lead inefficiency? Price floors frequently lead to ineffectiveness in the forms of: a. Inefficient allocation of sales in between sellers
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