Topic 1 Stiglitz et al. point out that, “No country in the world has been able to move from low- to middle- and high-inc

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Topic 1 Stiglitz et al. point out that, “No country in the world
has been able to move from low- to middle- and high-income status
without undergoing the process of industrialization.”
Ghana's industrialization has benefited greatly from the efforts
of the state, which have put in place a variety of policies and
initiatives to promote economic development. Critically
evaluate the ability of each of two theories—state-led (associated
with the BeST Consensus) and free-market (associated with the
Washington Consensus) approaches to explain the status of your
chosen case. Fully support your answer in a well-crafted essay by
describing progress in industrialization in your chosen case
articulating the claims of the state-led versus free-market
approaches that purport to explain industrialization assessing the
role of the state in the industrialization process in your chosen
case making an argument about whether the state-led or free-market
approach best explains the outcome in your chosen case addressing
any important alternative argument or disconfirming evidence