Tutorial week14_2019 (1).docx - The University of the South Pacific Faculty of Business and Economics School of Economics EC304 ECONOMIC GROWTH AND

Tutorial week14_2019 (1).docx - The University of the South...

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The University of the South Pacific Faculty of Business and Economics School of Economics -------------------------------------------------------------------------------------------------------------------------------------------------- EC304: ECONOMIC GROWTH AND DEVELOPMENT SEMESTER I, 2019 -------------------------------------------------------------------------------------------------------------------------------------------------- Tutorial week 14 1. A large part of development debate is centered on the domestic process of industrialization along with the rising cost of imports and its ultimate pressure on the balance of payments in the developing countries. With reference to this, discuss on the debate over import substitution and export promotion policies. 2. The expansion of primary exports through processing and value adding can provide both
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