Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?
Correct answer: A. dirigiste
- A. dirigiste
- B. Keynesian
- C. Commanding heights
- D. soft budget
Explanation
Dirigisme is a development approach in which the state directs economic activity and intervenes substantially in prices and markets. Deepak Lal criticised this interventionist tradition in development economics.
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