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Author Question: Patterns of development or structural change analysis stress internal change in a developing ... (Read 127 times)

fahad

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on: Jun 30, 2018
Patterns of development or structural change analysis stress internal change in a developing country's economic, industrial, and institutional structure. What are some of the most important changes?
 
  What will be an ideal response?

Question 2

Why might developing countries hesitate to accept the conclusion that countries should specialize according to their comparative advantage? What dynamic gains might offset their objections?
 
  What will be an ideal response?


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jazzlynnnnn

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Discussed in the text.

Answer to Question 2

Comparative advantage could lock developing countries into their current level of development. However foreign capital, and the ability to learn and accumulate capital as a result of trade could allow development to take place.


fahad

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Reply #2 on: Jun 30, 2018
Thank you :)


jazzlynnnnn

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Reply #3 on: Jun 30, 2018
Happy to help you


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