Compare and contrast state and market led approaches to explain economic development and evaluate them in at least one country/region discussed in class. Are any of these approaches more likely to promote development? Why?

Respond in about 2 pages the following question, based on the materials this week:
What factors can explain why do countries develop and grow? Compare and contrast state and market led approaches to explain economic development and evaluate them in at least one country/region discussed in class. Are any of these approaches more likely to promote development? Why?