Development economics

Table of Contents

1. Topic pack - Development economics - introduction
2. 4.1 Economic development (notes)
3. 4.1 Economic development (questions)
4. 4.2 Measuring Economic Development (notes)
5. 4.2 Measuring development (questions)
6. 4.3 The role of domestic factors in economic development (notes)
7. 4.3 The role of domestic factors in economic development (questions)
8. 4.4 The role of international trade (notes)
9. 4.4 The role of international trade (questions)
10. 4.5 The role of Foreign Direct Investment (FDI) (notes)
11. 4.5 The role of foreign direct investment (questions)
12. 4.6 The role of foreign aid and multilaterial development assistance (notes)
13. 4.6 The role of foreign aid and multilateral development assistance (questions)
14. 4.7 The role of international debt (notes)
15. 4.7 The role of international debt (questions)
16. 4.8 The balance between markets and intervention (notes)
    1. Balance between markets & intervention (case studies)
    2. Strengths and weaknesses of market oriented policies
    3. Case study (1)
    4. Case study (2)
    5. Case study (3)
    6. Case study (4)
    7. Case study (5)
    8. Commodity agreements: intervening in the markets
    9. Cartel arrangements
    10. Case study (6)
    11. Case study (7)
    12. Case study (8)
    13. Case study (9)
    14. Harrod-Domar Growth Model
    15. Structural Change Model
    16. Dual Sector Model
17. 4.8 The balance between markets and intervention (questions)
18. Print View

Case study (9) Focus on Blend of Market and Interventionist Policies

Syllabus: Discuss the view that economic development may best be achieved through a complementary approach, involving a balance of market oriented policies and government intervention.

Morocco

Several of these case studies suggest both advantages and disadvantages associated with market oriented and interventionist approaches to growth and development.

Which approach is most appropriate and effective depends on

• the economic problem being addressed,
  
• the particular policy measure being considered,
  
• the state of the global economy,
  
• the stage of development that the economy is in and
  
• the nature of the political system within the country.
  

Clearly, both strategies can play an important role in bringing about growth and development. Countries that introduce policies drawing on both strategies may see their economies growing and developing more quickly than those that rely on single approaches.