Consider a tropical, developing nation which earns most of its national income from the world-wide sale of one agricultural crop. The world demand for this product is forecast to remain steady for at least the next ten years. After that, the best forecast predicts a steady decline for several years until the demand becomes negligible. The government is run by an iron-fisted dictator whose whims are the basis for many changes to laws and regulations. The land could support other crops but the dictator is emotionally tied to the existing crop and is unlikely to change her stance. The educational system is adequate. The population is undernourished. Beyond the sale of the one crop, there is little international trade.

Imagine you are advising the dictator on economic policy. Sketch out an outline of an economic growth plan for this nation which will put it on a trajectory toward having a healthy, stable economy. Frame your answer in the context of the factors which drive economic growth and discussing those which you believe are going to be the most helpful.

Be sure to state any additional assumptions you are making