Review the following on Washington Consensus and Industrial Policy:
(i)Washington Consensus: Encyclopaedia and (ii) Industrial Policy: see video 1: and video2
1. What do you understand by the concepts of Washington consensus and of Industrial policy. In which way do they differ with each other? (350 words).
2.For a developing country seeking industrialization and modernization, which path should they take? Spell out the pros and cons of each approach (300 words).
3.Which policy should your own country ( Saudi Arabia ) follow? Give a recommendation to your king or president. (100 words) spouse
