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Author Question: Patterns of development or structural change analysis stress internal change in a developing ... (Read 59 times)

fahad

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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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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.





 

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