Author Question: Rostow's stages of growth concept could be improved by a. demonstrating how a country moves from ... (Read 138 times)

Charlie · **on:** Jun 30, 2018

Rostow's stages of growth concept could be improved by

a. demonstrating how a country moves from one stage to the next
b. showing when different countries achieved a take-off
c. illustrating the industries that could be leading sectors
d. identifying the investment-to-income ratio that is typical for each stage
e. specifying necessary investment and savings levels

Question 2

You are a lobbyist hired by a less developed country to try to prevent a developed country from increasing trade barriers against labor-intensive manufactured imports such as textiles.

Make your case, arguing from both developed and developing country perspectives, in terms of who gains and who loses.

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

Answer to Question 1

A

Answer to Question 2

Requires synthesis of the neoclassical theory of international trade as applied to developed countries and benefits of outward looking trade policies from the developing country point of view. Students should note benefits to developed country consumers and developing country incomes.