Item B: "A study comparing two countries found that Country X, which liberalised trade and privatised large state firms in the 1990s under advice from international lenders, experienced faster GDP growth but rising inequality and cuts to public services. Country Y pursued state-led industrial policy, protected some strategic industries and invested in education; its growth was slower but poverty rates fell and schooling participation rose." Using Item B and your knowledge, explain two ways these contrasting development strategies illustrate the debate between neo-liberal and structural state-led approaches.
(Total for Question 10 is 4 marks)