Interventionist Strategies for Economic Development

The video discusses interventionist strategies in developing economies, focusing on both macro and micro levels. It covers macro strategies like import substitution and trade protection, and micro strategies such as regulation and nationalization. The video emphasizes the importance of trade aspects, protectionist policies like tariffs, quotas, and subsidies, and the role of managed exchange rate systems. It concludes with a look at microeconomic strategies, including regulation and education programs, to promote economic development.

Describe the concept of managed exchange rates and their impact on economic competitiveness.

What are buffer stock schemes and how do they contribute to economic stability?

How can infrastructure development enhance the productive capacity of an economy?

In what ways can education and training programs support economic development?