Explain import substitution industrialisation and how it can affect Ghana. What role does learning by doing play and when does it make sense for the government to interfere?

Q: What are multinational corporations (MNCs) and what economic roles do they play?

A: Investment is the amount of financial resources invested into the new capital goods like plant and…

Q: What were the effects of Import Substitution Industrialization on most countries of Latin America?…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Question attahed in image

A: Answer - Given in the question -

Q: What is import substitution industrialisation? What role does learning by doing plays and when does…

A: The importing is the process of purchasing commodities and services from markets that are located…

Q: Countries with a_reliance on exports is likely to show a correlation of export growth to equity…

A: The degree to which two variables move in lockstep is referred to as correlation in statistics. A…

Q: What were the effects of Import Substitution Industrialization on most countries of Latin America?…

A: Import substitution industrialization is a method of increasing exports and becoming self-reliant by…

Q: Describe some of the political and social tradeoffs that might occur when a less developed country…

A: In developed countries women are playing important role in economic growth by participating in…

Q: what is the current economic condition of the Philippines?

A: The economic growth outlook for the Philippines remains positive, yet the risk of reversal has…

Q: me something about labor export. Is it a good development policy

A: Relocation is the development of individuals starting with one country then onto the next to profit…

Q: The academic interest on Import Substitution policies declined considerably sincte the 1980s because…

A: In the short run, import substitution policies will create employment. Still, in the long run, as…

Q: Explain Technological Globalization and its impacts on third world development

A: Globalization means the speedup of movements and exchanges (of human beings, goods, and services,…

Q: Which country's labor force has a lower productivity?      A) Uruguay       B) Paraguay       C)…

A: The labor productivity is an amount of GDP produced by 1 hour of labor and is measured by dividing…

Q: What is the main reason for the failure of import-substitution strategies to generate rapid economic…

A: The accomplishment of ISI strategies was worked with by financing noticeable businesses, for…

Q: Assess the economic implications of free trade in the third world country. Is this good for the…

A: Bilateral trade: Two-sided exchange is the trading of products between two countries advancing…

Q: Industrialization is important to the development of a nation for all the following reasons except:…

A: Economic development: - Economic development is the process of improving the social and economical…

Q: Which of the statements below is viewed as a negative impact of anti-globalization by substantial…

A: Globalization is the free movement of people, capital, goods and services between the boundaries of…

Q: Did the industrialization bring economic progress to the local inhabitants of the island? In what…

A: Economic development is the process of creating wealth for the benefit of the community. It's more…

Q: What is a multinational (MNC)? benefits MNCS can obtain from their operations in developing…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: International trade  Why would a country opt for free trade when some workers remain unemployed in…

A: Some workers need to be organized so that unions can work together to improve their economic and…

Q: Do you think that the Philippines is harmed as other countries do their activities to us through…

A: When a specific company in other countries involves itself in an outsourcing, normally it brings…

Q: South Korea’s Ministry of Trade and Industry has targeted new materials, computer controlled machine…

A: The pace with which it has embraced high technology has piqued international interest.

Q: The WTO policy of trade liberalization is in the best economic interest of small developing…

A: WTO policy of most favoured nation is in the interest of developed countries and not smalldeveloping…

Q: It has been observed that all industrialized countries have become "service economies" in recent…

A: Industrialized countries (or developed countries) has high GDP per capita, high standard of living,…

Q: Differences amongst countries in their standard of living can be attributed to differences in Select…

A: Standard of living:-  The material well-being of the ordinary individuals in a particular population…

Q: If specialization and outsourcing can harm domestic workers, why do countries still engage in trade?…

A: A country specializes in the good which it can produce at a lower opportunity cost than the other…

Q: With free trade, why is wage (income) gap between American skilled and unskilled workers widened?…

A: Part A → As country A is using skilled laborers for the production of expensive products at the same…

Q: What strategy will help boost economic development of the country; is it import substitution or…

A: Import Substitution- It is a policy adopted by the nation to reduce imports and to decline…

Q: What is the impact of migration and population growth in the Philippines

A: In an economy, the rate of change annually in population size during a specific time period is known…

Q: How did the following contributed with the industrial revolution Science Technology Industrial…

A: The Industrial Revolution changed economies that had been founded on agribusiness and painstaking…

Q: How colonial mentality affect the economic progress of the Philippines?

A: It is one of the problems faced by the many countries that were colonised by the foreign countries.…

Q: Relate the educational levels in the various categories to the process of industrialization.

A: Meaning of Industrialization: The term industrialization refers to the process of economy…

Q: Why industrial sector is important in the Philippines?

A: The industrial sector is the sector that mainly produces raw and finished products and services.

Q: How did Japanese private and public sector labor policies affect Japanese production during its high…

A: Japanese private and public sector labor policies have been affected most of the Japanese production…

Q: How has your current employer or any previousemployer been affected by globalization? Forinstance,…

A: The market structure would result in the different effect on the market quantity and the price. The…

Q: what are the structural parts of division of labor in a world economy?

A: On the basis of specialization of individuals, different workers tend to perform numerous production…

Q: Which of the following is associated with direct foreign investment? A. Official Development…

A: Foreign direct investment is referred to that investment that is done by a foreign company or…

Q: Service sector is growing because of * O an increase in the level of competitivness O an increase in…

A: SERVICE SECTOR IS GROWING BECAUSE OF =   The third of the three economic sectors in the three-sector…

Q: explain the impact of export biased growth on the welfare of a country With the help of a diagram,

A: A country seeking after fare drove development tries to grow its economy by creating merchandise…