After reading Chapter 10 (Developing Countries), answer separately in your own words (paraphrasing when needed) two of the following questions. Then,reply to three classmates’ threads.
Questions:
How did import substitution compare with export-oriented industrialization as a real-world strategy for economic development and modernization? How did the Washington Consensus propose to address the problems of both of these economic development strategies?
Why have less-developed countries had such difficulty in building effective states? What particular roles do ethnic and national identities contribute to this difficulty?
What is microcredit? Describe the potential benefits and drawbacks of this strategy for economic development?
What is the role of civil society and political engagement in developing a more effective state?
Describe the motivating factors that began the process of European imperialism in the 1500s. Why were European states so proficient at expanding colonial structures in the less-developed world?
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