Question: QUESTION 1. Why does education lead to economic development? QUESTION 2. Since the 1980s, there has been a transformation from centrally planned command economies to

QUESTION 1. Why does education lead to economic development? QUESTION 2. Since the 1980s, there has been a transformation from centrally planned command economies to market-based economies. What is the rationale for this transformation? QUESTION 3. Is privatization by itself enough to guarantee economic growth? Why? Explain using an example QUESTION 4. What are the factors that determine the long-run monetary benefits of doing business in a country? QUESTION 5. What are the factors that determine the costs of doing business in a country

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