Analyze the relationship between capitalism and democracy as it relates to the process of development. What process of development would you advocate for leaders in the global South? In light of this, what foreign policies would you support for the United States to implement?
What will be an ideal response?
The ideal answer should include:
1. Outline the intersection of capitalism and democracy and its consequences for development.
2. Suggest the best process of development for the global South. The evidence would seem to support fighting corruption, support of a theory of comparative advantage, and an emphasis on export-led growth, rather than import substitution.
3. Explain what foreign policies the United States should implement, taking into consideration foreign investment, foreign aid, relief models, and more.
4. Offer a concise summary and effective conclusion.
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