December_1

December_1 - International Development Economic policies...

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International Development Economic policies Key promotion of trade surplus o Accumulation of hard currency: used to build industry and infrastructure Various Policies attempted 1. Import Substitution: development of local industries to produce items a country had been importing state provided industries w/ subsidies and protective tariffs 2. export led economic growth developing countries specialize in export niches vulnerable to: o change in prices of commodities in international marketplace o changes in the prices of imported goods: change between relative value of exports and price paid for imports in terms of trade 3. manufacturing importance of promoting manufacturing generate capital: profitable enterprise however, capital is required to build factories o government face choices obtain capital Tax middle and upper class. Problems? Promote investment from abroad. Problems? 4.
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This note was uploaded on 02/08/2009 for the course POLI 2057 taught by Professor Brown during the Spring '07 term at LSU.

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December_1 - International Development Economic policies...

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