Interventionist And Other Strategies Influencing Growth And Development Flashcards Preview

Economics Unit 4 > Interventionist And Other Strategies Influencing Growth And Development > Flashcards

Flashcards in Interventionist And Other Strategies Influencing Growth And Development Deck (5)
Loading flashcards...
1

What are interventionist strategies?

Policies requiring government intervention and government spending

2

List interventionist strategies (4)

1. Development of human capital
2. Investment in infrastructure
3. Protectionism
4. Buffer stock schemes

3

Evaluation of interventionist strategies (4)

1. Developing human capital takes years
2. Developing countries can't always finance investment
3. Protectionism breaks the desire to promote free trade
4. Only needed in certain markets

4

Other policies for economic development (5)

1. Foreign aid
2. Debt relief
3. Industrialisation
4. Tourism
5. Fair trade

5

Evaluation for:
1. Foreign aid
2. Debt relief
3. Industrialisation
4. Tourism
5. Fair trade

1. Depends on the quality and danger of corruption
2. May lead to borrowing not being responsible
3. Can be expensive failure in no workers
4. Can lead to exploitation of environment
5. Difficult to implement poor farmers in all developing countries