Please write in college level paragraph format. I have attached the readings for this weeks reading in relation to the prompt.
PROMPT: Within the world capitalist system, a primary goal of society and responsibility of the state is economic development. Development as an ideal rarely is questioned, and it now universally is accepted that the state has a responsibility to bring development about, but there are debates surrounding the best (most effective and ethical) policy models that should be pursued.
Taking the point of view of a state that is responsible for national economic development, discuss some of the options, including their pros and cons, available to the state.
Please note that you are to take the point of view of the nation-state. Your discussion should draw on the following: What model should be adopted (ISI, EOI, or a mixture)? What approach should be taken toward the global labor auction? What is the impact on labor? What about the dangers of national debt and inflation? You must directly address the prompt and its components and engage the course material explicitly showing that you are proficient in it.
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