State-Led Economic Development for Developing Countries Persuasive Essay by Top Papers

State-Led Economic Development for Developing Countries
This paper uses the cases of Malaysia and Uganda to argue that third world states should pursue state-led economic development over development achieved through foreign investment.
# 133993 | 2,750 words | 8 sources | MLA | 2007 | US
Published on Dec 01, 2007 in Political Science (Fiscal Policy (economy)) , Economics (General)


$19.95 Buy and instantly download this paper now

Description:

The paper argues that third world states should pursue state-led economic development over development achieved through foreign investment. The paper explains that the reason for this is because third world states indebted to others are susceptible to conditional loans and to the withholding of needed aid. In a related vein, the paper contends that countries that insist upon state-led development instead of upon foreign aid/investment are countries that are better-positioned to maintain appropriate working standards for domestic workers and, at the same time, are in a better position when it comes to distributing resources to indigenous sectors that will spark economic growth and diversification. To substantiate these claims, a comparison is undertaken of the countries of Malaysia and Uganda - the former being a country that tries to avoid reliance upon foreign investment, the latter being a nation that is heavily dependent upon it. Ultimately, it is shown that Malaysia's approach works best - and that Uganda has much work still to do if it wishes to achieve lasting success.

From the Paper:

"The following paper will argue that third world states should pursue state-led economic development over development achieved through foreign investment. The reason for this is because third world states indebted to others are susceptible to conditional loans and to the withholding of needed aid. In a related vein, countries that insist upon state-led development instead of upon foreign aid/investment are countries that are better-positioned to maintain appropriate working standards for domestic..."

Cite this Persuasive Essay:

APA Format

State-Led Economic Development for Developing Countries (2007, December 01) Retrieved March 05, 2021, from https://www.academon.com/persuasive-essay/state-led-economic-development-for-developing-countries-133993/

MLA Format

"State-Led Economic Development for Developing Countries" 01 December 2007. Web. 05 March. 2021. <https://www.academon.com/persuasive-essay/state-led-economic-development-for-developing-countries-133993/>

Comments