1. 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"?
2. 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.