They have managed to adhere to proven policies and

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The countries mentioned above are living proof of this. They have managed to adhere to proven policies and import necessary resources, while sustaining higher economic growth and wealth (Gwartney et al., 2011, p.328). 2. Suppose you have just been appointed to a high level position in the economic analysis unit of the State Department. The secretary of state has asked you to prepare a memo describing the key policies and economic arrangements that a specific less developed country should follow in order to achieve rapid growth and higher income levels. During your research, you discover that multiple Christian aid organizations have been working in the country to assist the local population. Briefly describe your response (2–3 paragraphs). Be sure to indicate why each factor you mention is important if a nation is going to attain a high level of economic progress. An economic assessment would need to be performed on the country in particular to determine the level of economic freedom their government operates on. We know that the freer the economy, the higher the income and growth rates. We need to ensure that any aid given to the country is funneled through the Christian aid organizations already in place. Typically, if aid is given to a lesser developed country, the aid goes to government expenditures due to corruption within the leadership. The aid will need to update the infrastructure of the country such as highways or nuclear power plants.
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  • Spring '13
  • Frank
  • Economics, Saudi Arabia, Gwartney, Gwartney et al.

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