Economic development

Question 1

What policies are there for promotion growth and development?

(Government intervention, free market approach, alternative approach)

Answer 1

Government intervention:
1) improve education/raise human capital
2) import substitution - more domestic production
3) infrastructure development

Free market approach:
1) support micro finance
2) encourages FDI and trade
3) privatisation

Alternative approach:
1) aid
2) debt relief
3) promote tourism
4) fair trade