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Interventionist Policies (Strengths (investment in human capital (health +…
Interventionist Policies
Strengths
power to correct market failures
investment in human capital
health + edu leads to productivity
economic growth
provision of infraestructure
increases productivity
economic growth
provision of a stable macroeconomic environment
provision of a social safety net
system of gov transfers of cash/goods to vulnerable groups, to ensure that these groups do not fall below a socially acceptable minimum standardof living
redistributing income
Industrial policies
support small businesses
helps industry grow
Weaknesses
excessive bureaucracy
corruption
poor planning