What is shared growth, and what kind of institutions are required ...

[colton]

What is shared growth, and what kind of institutions are required for its success?
 
  What will be an ideal response?

Question 2

In the two-gap model, which of the following gaps, when binding, leads to foreign aid having the largest impact on GNP?
 
  (a) Fiscal gap.
  (b) Savings gap.
  (c) Foreign exchange gap.
  (d) None of the above.

[tkempin]

Answer to Question 1

The shared growth concept is the World Bank's explanation of how development policy has been shaped in some East Asian economies. Students can develop this explanation and note the institutions that were required, including relations between government and business and how labor fit (or didn't fit) into the picture.

Answer to Question 2

C

[colton]

Thanks for the timely response, appreciate it

[olderstudent]

Gracias!