The table below shows the economic profile of a hypothetical country Utopia.

GDP per capita- $2,198 (around 3.3% of the U.S. level)

Population- 0.9 billion

Percentage of population with tertiary education- 7%

Literacy rate- 61%

Official language- Utopian

Main exports- Cocoa, Wheat

Main imports- Electrical machinery and equipment, organic chemicals.

You are an adviser to the government of Utopia. You are asked to prepare a report on potential trade policies that Utopia can adopt for future economic development. Comment on the merits and drawbacks of the following strategies:

a. Restrict imports of organic chemicals and subsidise producers of organic chemicals who can serve Utopia's domestic demand.

b. Develop production of clothing and footwear and encourage exports to the rest of the world at the competitive world price.

c. Develop local production of basic business services like call centres and data entry to become a major destination of off-shoring.