Only Exceptional Proff

Only Exceptional Proff

Question 2: Compare and contrast the arguments made by the Rostow’s Stages Theory and the Dependency Theory, regarding domestic and international strategies for development.

Question 3: W.A. Lewis’ dual economy model dominated the thinking of development economists in the

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950’s and 1960’s. Describe the key assumptions of the Lewis model and the mechanism by which economic growth was generated within his dual economy framework.

Question 4: Describe the key assumptions of Solow Growth Model and explain the main implications of the model for development policymaking.

Question 5: Explain the basic idea behind the Big Push model. A diagram is not required.

Question 6: What are the strengths and weaknesses of randomized controlled experiments in guiding development policymaking?

Question 7: What is Kuznets’ inverted-U hypothesis? Explain Piketty’s criticism of Kuznets’ analysis. What are the two mechanisms by which inequality might negatively affect economic growth?

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