Strong Exchange Rate, Development Policies - Micro/Macro Effects - Causes/Effects/Policies Flashcards
1
Q
Micro effects of Intervention Policies/Strategies for Development
A
Allocative inefficiency
Gov failure
X-Inefficiency
Solving Market Failures
2
Q
Macro effects
A
Growth
Unemployment/Jobs
Income Inequality
Gov Revenue
3
Q
What are the Interventionist Policies for Development
A
Government Spending - Education, Healthcare, Infrastructure
Managed Exchange Rate Policies
Regulation - Standards/Workers
Nationalisation
Subsidies
Price Controls