question archive Pick a specific real life country example of economic growth success, disappointment and failure over the last decades and contrast some specific policies used in each case that contributed to its growth trajectory
Subject:EconomicsPrice:2.88 Bought3
Pick a specific real life country example of economic growth success, disappointment and failure over the last decades and contrast some specific policies used in each case that contributed to its growth trajectory.
Republic of Rwanda is small country in Africa. Its official language is Kinyarwanda, English and French. It is led by President Paul Kagame. Rwanda was doing well economically before the 1994 genocide that destroyed Rwanda?s economy since a lot of people were killed and displaced too and Industries were destroyed.
After the genocide policies that enhanced industrialization were implemented. With development aid from developed countries and the World Bank, destroyed industries were rehabilitated. To add the reduction of agricultural input cost and support of export of cash crop policy was implemented. As of 2012 agriculture paid off by accounting for 33% of Rwanda's economy. A policy on no corruption, development of infrastructure and a spotlight on the country's tourism attractions. This has led to tourism being one of the fastest growing industry in the economy. Tourists flock Rwanda as one the two countries where mountain gorillas can be visited safely