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The supply-side - case study


Read the article:

Now read the following article taken from the UK's Daily Telegraph:


Answer the following questions:

  1. Having read both articles, explain why the governments of South Korea and the UK are investing in the respective sectors of the economy?
  2. Explain why the private sector does not provide all the necessary investment and analyse the possible risks if it did.
  3. Examine the economic consequences of a government not investing in the technical infrastructure of the country.