The false paradigm model attributes lack of development to
A)Inadequate attention to price incentives.
B)Inappropriate advice from rich country economists.
C)Low levels of savings and investment.
D) A lack of government regulation.

Question

Quizplus · Accepted Answer

The false paradigm model attributes lack of development to inappropriate advice from rich country economists, who may not understand the specific needs and challenges of developing countries. This can result in policies and strategies that are not effective or beneficial for the developing country. The false paradigm model also suggests that this can lead to a reliance on imported technology and an emphasis on export-oriented growth, rather than focusing on sustainable, long-term development strategies that are tailored to the specific context of the developing country. None of the other options mentioned in the question are significant factors in the false paradigm model of development.

The False Paradigm Model Attributes Lack of Development to