1. What is a "strictly economic definition" of development? What are it's flaws and how can they be rectified? 2. Why is tourism referred to as a new development tool? What in your view are its distinguishing characteristics and potential for promoting Asian economic development? 3. What are the internal and external causes of the resource curse? Cite a few resource abundant countries that have demonstrated that a growth collapse is not inevitable and that the Dutch disease is avoidable. 4 What are the four strategic themes of traditional development economics? How does A.K. Sen employ them to argue that "the time to bury traditional DE has not yet arrived"? 5. How would you explain the growth collapse in mineral-driven resource-rich economies over the past 15 years or so. Outline the standard explanations of the "resource curse" elaborating on both the external and domestic causes. 5. Why does Stiglitz believe that these are exciting times for those committed to advancing the development of the LDCs? What role does he envisage for LDC governments, the World Bank and high income countries, in transforming the Third World economies? 6. What are the four categories, that mathematical measures of poverty and inequality fall into? Examine the principal models in each category and discuss the assumptions, limitations and values implicit in each. 7. Critically evaluate the usefulness of HDI as an alternative indicator of economic well-being. Explain how the concept of HDI appears to have been inspired in part by A.K. Sen's appealing theoretical ideas of "entitlements" and "capabilities". B. "A country's HDI score often reflects the choices & trade-offs that its government has made. Countries that fare poorly often do so for obvious reason." Evaluate this statement using country examples. 9. Explain why GDP is often discarded as a measure of the actual well-being of developing countries. What are the strengths and shortcomings of alternative measures such as the HDI? Is the HDI really "a new paradigm or reinvention of the wheel"? 10. Why do some economists argue that the biggest problem facing the LDCs today is not "low quality growth", but "too little" growth? Provide country examples to caution against deflecting attention from the fact that economic growth typically does reduce absolute poverty and promote human development. 11. Is there really a conflict between growth and welfarism? Citing country experiences, contest the view that welfarism involves a conflict with growth which in turn undermines the very sustainability of welfarist strategies