Identify and briefly describe the variety of strategies available to developing countries that choose to pursue an economic growth/industrialization path. Define the conditions that apparently need to be in place for this development process to happen. Analyze the structure, process, and feasibility of economic development in the twenty-first century.
What will be an ideal response?
The ideal answer should include:
1. Describe strategies for pursuing economic growth/industrialization.
2. Explain the necessary conditions for development, touching on export-led growth, import substitution, microcredit, technology transfer, and other concepts.
3. Analyze the structure, process, and feasibility of twenty-first-century economic development, keeping in mind such challenging issues as brain drain, debt, IMF conditionality, disaster recovery, and more.
4. Offer a concise summary and effective conclusion.
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