Problem
I. Identify and briefly describe the variety of strategies available to developing countries that choose to persue an economic growth/industrialization path. Define the conditions that apparently need to be in place for this development process to happen. Analyze the structure, process, and feasibility of economic development in the 21st century.
II. Discuss several motivations for protectionist behaviour in a liberal market. Analyze the acceptability of each in today's worlds economy.
III. How do we know the status of national economies? What measures are used to determine their economic well-being? Since governments have the power to print money as they need it. WHY-how do states fall into debt? Why is it so difficult for states to get out of debt?