Question
1. Discuss the importance of the informal sector in developing economies. 2. Discuss in detail why donors give aid and why recipient countries accept aid.
1. Discuss the importance of the informal sector in developing economies.
2. Discuss in detail why donors give aid and why recipient countries accept aid.
3. Briefly discuss economies as a social systems and why there is need to go beyond simple economic concepts.
4. Describe Kuznets's inverted-U hypothesis by referring to its merits and limitations.
5. Explain, illustrate with a graph and criticise the Malthusian Population Trap in developing countries.
6. Differentiate between traditional and political economy.
7. Discuss the basic difference between the classic theories of economic development:
7.1 Linear-stages-of-growth model
7.2 Theories and patterns of structural change
7.3 International-dependence revolution
7.4 Solow neoclassical growth model
8. "As people throughout the world awake each morning to face a new day, the do so under very different circumstances". Briefly explain how the other half live.
9. Differentiate between the traditional human development index and the new human development index.
10. Discuss the importance of values in development economics.
11. Discuss the neoclassical counterrevolution and its principal arguments about development
12. Discuss some of the arguments against the idea that population growth is a serious problem
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