A: ESSAY ANSWER ANY ONE QUESTION OF YOUR CHOICE. - Choose and write on one question in this section. - Word count 1000 - A minimum of 5 references is needed for a PASS. Avoid only using web resources and links, unless it is an article you have found on the web and referenced appropriately. - References should be in Harvard style - Assessment will pass through Turnitin. - Marks weighted for this section is 40 marks 1. Discuss the assertion that the underdevelopment of developing countries is self-afflicted 2. Globalization and Sub-Sahara Africa's economic development: Panacea or Mirage? 3. To what extent is the informal financial sector relevant to the economic development of Ghana 4. Examine the assertion that commercial banks lending rates in Ghana are high. 5. Examine the influence of corruption on the rising debt of Ghana. 6. Discuss the assertion that economic growth is a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. 7. Does the rate of actual economic growth have any effect on the rate of potential growth and why may one country experience a faster rate of growth than another? 8. Why is capital flight a problem in most developing countries and what can be done to mitigate it? 9. Fiscal discipline and economic development in Ghana. Panacea or Mirage? 10. Ghana beyond aid, a mere rhetoric or reality in the face of increasing global interdependence