Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI). About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Explain import substitution industrialization and how it can affect Ghana. What role does learning by doing play, and when does it make sense for the government to interfere?
Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI). About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Explain import substitution industrialization and how it can affect Ghana. What role does learning by doing play, and when does it make sense for the government to interfere?
Chapter11: Resource Market
Section: Chapter Questions
Problem 2.4P
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Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI).
- About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food.
- The majority of Ghana's people live in rural areas and exist on a subsistence way of life.
- Ghana has one of the highest rates of income inequality in the world.
- Nearly half of the population is employed in agriculture.
Explain import substitution industrialization and how it can affect Ghana. What role does learning by doing play, and when does it make sense for the government to interfere?
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