Strategies for Economic Development | Amitava Dutta | Part 1 | Development Economics |

What drives economic development — the state or the market?
This video explores one of the biggest debates in development economics:
Should governments lead growth through planning and intervention?
Or should free markets, competition, and private enterprise take the lead?
What does history tell us from India, China, East Asia, and Western economies?
Why the real answer lies not in choosing one side, but in finding a balance.
We break down the arguments for and against state intervention, the case for free markets, and how countries have actually combined both approaches to achieve success.
Reference : Todaro and Smith, Chapter 3
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