Which claim of each approach is most compelling? Least persuasive?2. It could be argued that the elite approach is correct, because every society is run by the elite and most people have little impact on political decisions. Do you agree with this argument? Why or why not?3. Describe and justify your choice of the most appropriate indicators of development? Do some indicators seem biased or inappropriate?4. Compare neoliberalism, statism and the developmental state approach as three strategies to achieve economic development. How is each approach linked to a country’s level of political development?