An expanded state role and coordinated economic planning aimed at structural transformation are viewed as core elements of__________________?
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Answer: B. Development economics
Explanation
Development economics focuses on structural transformation, economic planning, and improving socioeconomic conditions in developing nations. It examines mechanisms to accelerate growth, reduce poverty, and transform agrarian societies into industrial economies. Therefore, it matches the expanded state role description. This branch of economics analyzes market failures, institutional weaknesses, and capital constraints in low-income countries. Scholars and practitioners design policies involving education, health, and infrastructure investment to foster catch-up growth. It combines theoretical models with practical policy applications.
Development economics plays a crucial role in shaping international aid policies and global poverty reduction initiatives. Understanding structural transformation helps governments navigate the transition from developing status to advanced economy. Sustainable growth depends heavily on insights derived from this field. Option A refers to standard neoclassical or classical economic theories rather than modern structural development focus. Option C generally studies the intersection of political power and economic policy rather than specific developing-nation transformation. Option D is incorrect because development economics fits.
- Subject
- Agriculture
- Category
- Agriculture
- Topic
- —
- Difficulty
- medium
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