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Discuss import substitution and export promotions strategies. Give examples countries that use these policies?

1. Please describe main development indicators. What are the main problems with GDPpc, GNPpc when we use them to measure welfare of society? Why economists and policymakers still rely on these indicators? What are alternatives? How different they are from GDPpc/GNPpc?2. What is relationship between resource endowments and long term economic growth? What is Dutch disease? What is resource curse? Why resource curse is extremely severe for developing countries? What policy can be used to address resource curse.3. Discuss import substitution and export promotions strategies. Give examples countries that use these policies?4. Explain effect of coronavirus on trade and growth of developing countries? Do you think that effect will be more weak/severe compared to developed countries? Why? Discuss transmission mechanism of the global recession on developing countries. (I do not mean illness itself but the economic mechanism). Compare with global financial crisis of 2008. What are main differences, similarities for developing countries?5. Watch these video. Write your main taking from this video? What are effects of coronavirus on developing countries? Why the steps that used developed countries cannot be applied in many developing counters? Do you think that COVID19 is the end of globalization? Why do you think need to be done to fight coronavirus and resulting economic disruption?https://www.youtube.com/watch?v=AEKhH_gel2Ihttps://www.youtube.com/watch?v=xD64RvUUbZMhttps://www.youtube.com/watch?v=Slk_LP9DCBUFour questions have to be answered and one has to be a bonus question. Please choose which one should be the bonus question (it still has to be completed). Let me know which one is the bonus question.