Question

Different balanced growth and unbalanced growth

Answer 1

Unbalanced growth is a natural path of economic development. Situations that countries are in at any one point in time reflect their previous investment decisions and development. ... Unbalanced investment can complement or correct existing imbalances.

Answer 2

The implementation of balanced growthrequires huge amount of capital. ... On the other hand, unbalanced growth requires less amount of capital, making investment in only leading sectors. Balanced growth is long term strategy because the development of all the sectors of economy is possible only in long run period.