Compare and contrast state and market led approaches to explain economic development and evaluate them in at least one country/region . Are any of these approaches more likely to promote development? Why?

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Economic development

Respond in about 2 pages the following question:

What factors can explain why do countries develop and grow?

Compare and contrast state and market led approaches to explain economic development and evaluate them in at least one country/region . Are any of these approaches more likely to promote development? Why?