Which of the following public policies would be least likely to result in more rapid economic growth for a poor or developing country?
A)policies designed to promote economic development in coastal areas
B)policies designed to foster strict enforcement of property rights
C)policies designed to foster free trade
D)inward-oriented policies

Question

Quizplus · Accepted Answer

Inward-oriented policies are designed to protect domestic industries by restricting imports and limiting exports. Therefore, they focus on the domestic market rather than international trade, which is not conducive to economic growth for a poor or developing country. These policies can lead to inefficiencies, low competitiveness, and limited access to foreign capital, technology, and markets, which impede growth potential. On the other hand, policies that promote economic development in coastal areas, foster strict enforcement of property rights, and foster free trade can improve investment opportunities, productivity, innovation, and international integration, thus supporting more rapid economic growth.

Which of the Following Public Policies Would Be Least Likely