Todaro and Smith (2020: 192) state “…different countries face different binding constraints on achieving faster rates of growth and development…”. Analyse this statement in light of the Hausmann-Rodrik-Velasco Growth diagnostic decision tree for South Africa that faces a high cost of finance.

Todaro and Smith (2020: 192) state “…different countries face different binding constraints on achieving faster rates of growth and development…”. Analyse this statement in light of the Hausmann-Rodrik-Velasco Growth diagnostic decision tree for South Africa that faces a high cost of finance.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter17: Growth And Less Developed Countries

Section: Chapter Questions

Problem 8SQP

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