What important function do institutions serve for economic development? O They assign resources to the industries they are needed. O They monitor financial aid from other nations. They regulate innovation and research. O They set the economic incentives people face.
What important function do institutions serve for economic development? O They assign resources to the industries they are needed. O They monitor financial aid from other nations. They regulate innovation and research. O They set the economic incentives people face.
Chapter17: Development Economics
Section: Chapter Questions
Problem 16E
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![What important function do institutions serve for economic development?
O They assign resources to the industries they are needed.
O They monitor financial aid from other nations.
O They regulate innovation and research.
They set the economic incentives people face.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6387f1fe-f7de-460c-a439-51c8967659dd%2Fcd03d27e-5b61-43a2-ac6e-967b4961ddf5%2Fkjc99tn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What important function do institutions serve for economic development?
O They assign resources to the industries they are needed.
O They monitor financial aid from other nations.
O They regulate innovation and research.
They set the economic incentives people face.
![Which three policies were successful for several Asian countries in kickstarting economic growth
and industrialization?
O Democratic Reform, Corporate Policy, Foreign Investment
O Land Use Reform, Export Discipline, and Financial Policy
Tax Reform, Institutional Barriers, Free Trade
O Democratic Reform, Export Discipline, Nationalization of Banks
22-53-611
200 2400
2121212
201
22-25 21
MES](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6387f1fe-f7de-460c-a439-51c8967659dd%2Fcd03d27e-5b61-43a2-ac6e-967b4961ddf5%2Fs042gv4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which three policies were successful for several Asian countries in kickstarting economic growth
and industrialization?
O Democratic Reform, Corporate Policy, Foreign Investment
O Land Use Reform, Export Discipline, and Financial Policy
Tax Reform, Institutional Barriers, Free Trade
O Democratic Reform, Export Discipline, Nationalization of Banks
22-53-611
200 2400
2121212
201
22-25 21
MES
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