a) In the book, "Frontiers of Development Economics - The Future in Perspective (2001)" Yusuf and Stiglitz discuss the role of the state in managing and regulating development. Discuss the advantages and disadvantages of state intervention in the economy and options provided in this chapter on the role of the state. (7 Marks) b) What is your understanding of development? Citing examples, how would you differentiate objectives and values of development? (8 Marks) c) 1. Discuss the components of the original Washington Consensus. What do you think was the most lacking from this framework? (10 Marks) Il. What important factors have achieved widespread acceptance in the evolution towards a new consensus? (4 Marks) d) There is much talk today about the demise of development planning. Many observers assert that development planning has been a failure. Describe the major reasons for failure of plans. What reasons do you think are the most important? Explain your answer. (6 Marks) e) Many countries go through various stages of development as they transform their economies. Discuss the characteristics of stages of growth identified by the Economic Historian Rostow. (10 Marks) f) Gender mainstreaming is a concept that assesses the different implications for women and men in development? Discuss the strategic tools used in applying Gender Mainstreaming Policy in Policies, Programmes and Projects. (7 Marks) g) Addressing the high levels of poverty is a number one challenge facing many developing countries. Discuss the Multi-dimensional Poverty Index and assess how it can be used effectively to reduce poverty. (8 Marks) ITOTAL: 60 MARKS1