Economics · Economic Development Theories
The 'Big Push' theory of economic development argues that underdeveloped countries need a significant and coordinated external investment in multiple sectors to overcome economic stagnation. What is the key characteristic of this approach?
- 1Slow, incremental development
- 2Sole emphasis on voluntary domestic savings
- 3Large-scale investment to stimulate coordinated growth✓
- 4Relying solely on market forces without intervention
Correct answer
Large-scale investment to stimulate coordinated growth
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