If you were the president of a developing country today and had complete control of development policies, what strategy would you employ? Identify and explain each step in your comprehensive development strategy. Whom would you invite in and from whom would you request or reject assistance? Why?
What will be an ideal response?
The ideal answer should include:
1. Provide an outline of the development policies best to pursue as the leader of a developing nation, touching on foreign assistance, technology transfer, aid, export-led growth, and more.
2. Explain the order and details of the steps to be taken in the development strategy.
3. Describe who would be invited in and whose assistance would be taken. For instance, would aid from the IMF be considered a benefit or a detriment?
4. Evaluate why a given entity would be welcome and another not so. Again, IMF conditions may be considered unwelcome due to their restrictiveness.
5. Provide a concise and effective conclusion.
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