| Description | This unit examines the role of the state, rationale for planning and market mechanisms in developing economies, and also the sociocultural preconditions and economic requirements for a market economy. It focuses on a wide range of developmental problems and issues from both microeconomic and macroeconomic points of view. It closely studies the integration process of the traditional segment of a developing society into its modern counterpart in countries selected from Asia, Africa, Latin America, the Caribbean, and the Pacific regions. |
