Why have some states sustained high economic growth rates and developed quickly while others have failed?

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Why have some states sustained high economic growth rates and developed quickly while others have failed?
May 8, 2020 Comments Off on Why have some states sustained high economic growth rates and developed quickly while others have failed? Uncategorized Assignment-help
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1.Why have some states sustained high economic growth rates and developed quickly while others have failed? What are the roles of the market and the state? What are the different schools of thought on this matter? Is “globalization” relevant? Explain.2.Are multinational corporations (MNC) exploitive enterprises that contribute to the worsening income gap between the developed and developing world? Or are they a mechanism that brings economic growth to underdeveloped countries? Footloose and stateless entities? Or national champion firms? Explain.Please use info from these sources:Jeffry A. Frieden, David A. Lake, and J. Lawrence Broz, International Political Economy:Perspectives on Global Power and Wealth, 6th Edition (W.W. Norton, April 2017),ISBN-13: 9780393603880.Miles Kahler and David A. Lake, editors, Politics in the New Hard Times: The Great Recession in Comparative Perspective (Cornell University Press, April 2013), ISBN-13: 9780801478277.