Only need help with question 2), 4) and 5) please explain in detail

Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy.

Ghana's new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI).

You are given a brief about Ghana highlighting the following points:

About half of Ghana's population depends on agriculture, but Ghana still imports some of its food.

The majority of Ghana's people live in rural areas and exist on a subsistence way of life.

Ghana has one of the highest rates of income inequality in the world.

Nearly half of the population is employed in agriculture.

2) Explain import substitution industrialization and how it can affect Ghana.when does it make sense for the government to interfere?

3) Ghana's president's ISI strategy is to ask Switzerland to adopt a voluntary export restraint (VER). He believes that this is likely to increase Ghanaian welfare. Using two diagrams (one for each country) explain the Ghanaian welfare consequences of this policy.

• Important variant: Voluntary Export Restraint (VER).
• A VER is a quota in which the exporting-country government restricts its exports by issuing export licenses to its own exporters.

4) Explain if the VER is likely to improve the average efficiency of Ghana's farms? (Answer must mention the right theory)

5) After a meeting with Ghana's president you learn that the government is also interested in repatriating migrants that went to European countries to study engineering a decade ago. Explain how this is likely to change Ghana's comparative advantage. (Answer must mention the right theory)