Answer to Question #142553 in Economics for Memi

Question

Choose one out of the Economic Growth theories we’ve already discussed to be implemented in a country of your choosing of which first you shall mention its problem\s and suggest the Economic Growth Theory you have chosen and the steps to solve such country problem\s they got.

Answer 1

Neo-classical-theory states, that growth is based on supply-side factors such as labour productivity, size of the workforce, factor inputs. So, the country, which wants to improve its position should develop supply-side factors.