What are the limitations of balanced growth, Business Economics

Assignment Help:

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.


Related Discussions:- What are the limitations of balanced growth

General agreement on tariff and trade, Question 1: (a) Explain the cor...

Question 1: (a) Explain the core principles of the General Agreement on Tariff and Trade (GATT). (b) Do you think the additional principles introduced by the WTO in 1995 c

Stocks rate of return, Question 1: (a) There are few, if any, real com...

Question 1: (a) There are few, if any, real companies with negative betas. But suppose you found one with β= -0.25. How would you expect this stock's rate of return to chang

What do you meant by contract management, Problem (a) What do you mea...

Problem (a) What do you meant by Contract Management and what is the central aim of contract management? (b) Show the end-of-contract options and describe the cost involve

Equilibrium in the goods and money markets, using a diagram, evaluate the e...

using a diagram, evaluate the effect of a decrease in money supply to the equilibrium in the goods and money market

Traditional - modern sectors and rural-urban migration, What are the tradit...

What are the traditional, modern sectors and rural-urban migration? Rural-urban migration: Rural-urban migration is the movement of labour through the countryside to cities

What is absolute poverty and relative poverty, What is absolute poverty and...

What is absolute poverty and relative poverty? Absolute poverty: It is an income level below that essential to meet fundamental requirements. The UN measure of absolute

Price elasticity of demand, explain why each of the following factors influ...

explain why each of the following factors influence the own price elasticity of demand for a comodity 1. Consumer preferences 2. the narrowness of definiton of the commodity

Post - transaction valuation, Please comment on the following statement. Tr...

Please comment on the following statement. True, False, or Uncertain: If an investor believes that the total valuation of a company is higher than the post-transaction valuation fo

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