Assignment Details answer in your 250 word response: 1. Which scenario is the most appropriate development path? 2. Where would this plan likely fall on the political spectrum- major govt intervention or market driven- and on social issues- major govt intervention or individual decisions? Include explanations. 3. What type of economic policies are in the plan? 4. Why is this the best development plan? What will it do for the people?
Make sure that you clearly answer each part of the assignment and carefully edit your work prior to submitting it.
Scenario #1 Exit Fullscreen This development path is characterized by small scale, local projects to improve the quality of life is dispersed communities. Focus is on environmentally sustainable projects that preserve the community's future survival. Social democracy system is preferred to capitalist/ democratic style. Pros . The needs of the local people are met- ie. Health, education, housing and jobs - Local people obtain goods, services and training basic to their life and existence A productive, independent, literate population. Small scale industry evolves - Land, soil and water preserved from degradation due to low intensity energy projects that recycle wastes Avoids overpopulation in mega cities Increases incomes and strengthens the rural economy Cons Industrial dispersion and related inefficiencies make large-scale industrialization and export promotion questionable for the economy Scenario #2 This model of development is characterized by Western style market system of high mass consumption. Large-scale energy mega projects and national transportation and communications systems are installed to satisfy the needs on industrialists. The rise of large mega cities like ports and the national capital is rapid as the market forces of capitalism strengthen. Consumption of goods and services by local consumers is encouraged. Democracy and capitalism flourish. Pros . Lots of jobs created to build the hydroelectric dams, supports both steel mills and universities . GNP rises and attracts investment . Standard of living rises . Export promotion policy by government attracts foreign investors Cons . Environmental degradation as economy dominates environment- flooded land . Debt from mega projects is huge . Foreign control as investors locate in nation state . Market forces globally affect domestic economy Scenario #3 Establish a modern, well equipped, secure business oriented area or zone within your country. Within this zone all the requirements of business and industry will be provided such as transportation, communication, banking and energy. Attract foreign investors to come to these export-processing zones to maximize their profits. The benefits of industrialization will then slowly spread out to the rest of the country. Pros . Low labour costs attract manufacturing companies, then jobs created, then incomes rise . Low capital costs needed to establish in the zone avoid debt . Environmental impacts minimized in a smaller area . Access to global market promote your product's reputation Cons . Depletion of natural resources for profits of foreigners . Minority of citizens benefit at first profits slow to spread to the rest of the society
