important notes Flashcards
1
Q
Policies that a government… to achieve …(macro goal)
A
*CONSIDER ECONOMY
STATE:
- degree of development
- performance (macro goals)
- budget position
NATURE
- size (very small > constrained resource endowment (CELL)
- degree of openness (1. flow of trade: g&s + 2. flow capital: hot money (short term), FDI (long term) + 3. flow of labour)
