4.10 Economic growth and/or economic development strategies

• Trade strategies include import substitution, export promotion, and economic integration

• Diversification reduces dependence on narrow sectors or products

• Social enterprise can support growth and development goals

• Diagrams: draw from relevant diagrams used in other sections

• Market-based policies include trade liberalization, privatization, and deregulation

• These strategies aim to improve efficiency, incentives, and market access

• Interventionist policies include redistribution through tax policies, transfer payments, and minimum wages

• Merit good provision includes education, health, infrastructure, energy, transport, telecommunications, clean water, and sanitation

• Inward FDI can support growth and development

• Foreign aid includes humanitarian aid, development aid, debt relief, ODA, and NGO support

• Multilateral development assistance includes the World Bank and International Monetary Fund

• Institutional change includes improved access to banking, microfinance, and mobile banking

• Institutional strategies include women's empowerment, reducing corruption, property rights, and land rights

• Strategies should be evaluated for strengths and limitations in promoting growth and development

• Government intervention and market-oriented approaches should be compared in context

• Progress toward selected Sustainable Development Goals should be assessed in two or more countries