Question
Hi I need some help thanku Imagine that you work for the World Bank and you have been called to Ghana to aid the new
Hi I need some help thanku
Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy.
You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialization (ISI).
You are given a brief about Ghana highlighting the following points:
- About half of Ghana's population depends on agriculture, but Ghana still imports some of its food.
- The majority of Ghana's people live in rural areas and exist on a subsistence way of life.
- Ghana has one of the highest rates of income inequality in the world.
- Nearly half of the population is employed in agriculture.
Q: Ghana's president's Import Substitution Industrialization strategy is to ask Switzerland to adopt a voluntary export restraint (VER). He believes that this is likely to increase Ghanaian welfare.
How do I draw two diagrams (one for each country) to show the consequences of the Ghanaian welfare of this policy?
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