This topic contains a solution. Click here to go to the answer

Author Question: Why have many developing countries pursued industry at the expense of agriculture? What has been the ... (Read 79 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
Why have many developing countries pursued industry at the expense of agriculture? What has been the result of this strategy?
 
  What will be an ideal response?

Question 2

State the Coase theorem.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

Because developed economies are characterized by a large share of output and employment in the industrial sector, many developing countries seem to believe that development and industrialization are synonymous. In many cases,
developing countries have pursued industry at the expense of agriculture, with mixed results. Recent evidence suggests that some balance between industry and agriculture leads to the best outcome.

Answer to Question 2

The Coase theorem states that if transactions costs are low, private bargaining will result in an efficient solution to the problem of externalities, regardless of initial assignment of property rights.




cagreen833

  • Member
  • Posts: 544
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Cyanide works by making the human body unable to use oxygen.

For a complete list of videos, visit our video library