Question
1.What classical theory of economic development can best describe the economic development of Sri Lanka? Why? 2.What went wrong in Sri Lanka's approach that caused
1.What classical theory of economic development can best describe the economic development of Sri Lanka? Why?
2.What went wrong in Sri Lanka's approach that caused its economy to collapse?
3. Discuss how international trade and foreign investment can solve some of the problems identified in the big push model? In the O-ring model?
4.The word trap suggests that there may be a way to escape. Do you think developing countries can escape all of the traps described in chapter 4? Which ones do you think would be most difficult to escape?
5.Why is the government sometimes a part of the problem of coordination failure rather than the solution?
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