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Question 3 [22] 3.1. What, in terms of the new economic view of development, are the three (3) questions to ask about a country's development?
Question 3 [22] 3.1. What, in terms of the new economic view of development, are the three (3) questions to ask about a country's development? (3) 3.2. Briefly explain problems of tax administration in some developing countries. (5) 3.3. Development planning implementation can experience various problems. Briefly list any six (6) of the possible seven problem areas. (3) 3.4. Explain what the study of economic development for developing countries is all about. (3)
3.5. What do you understand the difference to be between economic growth and economic development? Discuss your answer in comparable table format. (8)
Question 4 [15] List and discuss the conditions for rural development (the three (3) "conclusions", as well as the definition of land reform).
Question 5 [10] List any ten (10) of the legal and economic requirements for a well-functioning market system (also referred to in the textbook as "market-facilitating legal and economic practices").
Question 7 [10] Discuss fiscal policy for development in terms of the following selected aspects: 7.1. Macrostability and resource mobilisation (5) 7.2. The factors that determine the taxation potential of a country (5)
Question 8 [4] With reference to the role of the financial system in economic development, discuss your understanding of the following: 8.1. The role that the central bank such as the South African Reserve Bank (SARB) plays in the financial system supporting the economic development process (3) 8.2. The role of development banks in terms of economic development (1)
Question 9 [5] Use the available online resource Sabinet to find the article below by Dr Stef Coetzee and then answer the questions that follow: Development economics and policies to promote peace in South Africa 9.1. In view of the importance of reconciling growth and distribution in South Africa, what overview does the article present? (2) 9.2. In terms of economic growth, distribution and poverty, the author refers to general findings. What does he say makes the poor poorer, and what relation was found between a change in the rate of growth or the level of national income according to the World Bank research that was undertaken as mentioned by the author? (2) 9.3. The author discusses the nature of poverty problems in South Africa. State the third and fourth of these problems addressed by the author as per the article. (1)
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