About this document
Rethinking Science and Economic Growth by sadhubaba100 is a document available to read on EtoBox.
1. The passage discusses the role of the state in economic development in underdeveloped countries. 2. It provides four arguments for state participation: large capital requirements, infrastructure needs, fragmented demand, and pushing growth past subsistence levels. 3. It also notes that developing countries today face more competition, so industrialization cannot be left to market forces alone and requires strong state guidance.
- Author
- sadhubaba100
- Language
- EN