Question: What factors can explain why do countries develop and grow? Compare and contrast state and market led approaches to explain economic development and evaluate them

What factors can explain why do countries develop and grow? Compare and contrast state and market led approaches to explain economic development and evaluate them in at least one country/region discussed in class. Are any of these approaches more likely to promote development? Why? To submit your assignment

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.