1. 1: What are the major differences you found in studying Economics of Development and traditional economic theory, as learned in your micro- or macroeconomics courses.
2. 2: What major policy recommendations would you have for the World Bank and/or IMF to help development in the Third World?
3. 3: What are the key reasons for high school dropout rates in Third World countries? What might be done to lower these rates?
4. 4: Third World critics of international trade sometimes claim that present trading relationships between developed and underdeveloped countries can hamper growth in the latter and merely perpetuate their weak and dependent status. Explain their argument. Do you agree or disagree? Explain why.

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1 The major differences between the Economics of Development and traditional economic theory are as follows Focus Traditional economic theory primarily focuses on developed economies and assumes a sta... View the full answer