Compare and contrast the radical and liberal approaches to economic development.

The liberal and radical approaches to economic development
are almost diametrically opposed to one another.  The only thing that they can be said
to have in common is the goal of developing and creating economic
prosperity.

The liberal approach holds that government
intervention in the economy should be minimal.  Trade between nations should be free and
the market within a country should be allowed to operate without significant government
intervention.  The radical approach holds just the opposite view.  Radicals believe that
the government must intervene very strongly in the economy.  They believe that economies
within countries must be centrally planned and that trade should be strictly limited so
as to promote domestic growth.

In this way, the two
approaches have very little in common with one another.