Question
Consider a developing nation which has a significant rainforest covering its territory. It has begun to promote its agriculture industry by cutting down the rainforest
Consider a developing nation which has a significant rainforest covering its territory. It has begun to promote its agriculture industry by cutting down the rainforest and turning the land into farms. Trade agreements exist only with a handful of nations and none are with developed nationsthe nation's dictator is suspicious of other nations' motives. There are beaches which the local population finds enjoyable. Other relevant facts about this nation include: 1) The population is not well-educated and its health is in decline, 2) the economy is stagnant, 3) most of the land could be farmed, 4) the rainforest is massive and the rest of the world views it as a significant resource for CO2conversion to oxygen.
Imagine you are advising the dictator on economic policy. Outline an economic growth plan for this nation which will put it on a trajectory toward having a healthy, stable economy within 5 years. Choose from the factors which drive economic growth and discussing those which you believe are going to be the most helpful.
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