Author Question: What conditions might be required for an import-substitution policy to be effective? What advantages ... (Read 81 times)

RRMR · **on:** Jun 30, 2018

What conditions might be required for an import-substitution policy to be effective? What advantages might it bring?

What will be an ideal response?

Question 2

Write an essay on the economic relationship of greatest concern for development between education and

(a) the level of growth,
(b) the character of growth,
(c) inequality,
(d) fertility,
(e) absolute poverty,
(f) international migration.

ebonylittles · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Historically, IS was enforced when developing countries were shut out of world markets. For IS to be effective today would require a consistent set of policies and a willingness to abandon protection when an industry either matured or showed that it could not. If this were possible it could contribute to an economy's ability to learn, adapt, and advance with less reliance on outside help.

Answer to Question 2

This question may be given as one long essay, or limited to one or more of the parts as a short essay. Discussed in the chapter.