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state and discuss how relevant dependency theories is today in explaining the development processes and relationships between African countries and advanced countries
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- List the variety of policy tools available to government for increasing the rate of return for new technology and it's encouraging development.What are the implications of this model for "convergence" of income levels and income growth rates - conditional on differences in endowments, government policies, and other exogenous factors - across countries? -Explain the Malthusian Trap and the Demographic Transition and their implications to economic growth.
- developing outcomes in poor countries depend on the political incentives facing political leaders. African countries badly need to embark on processes of economic transformation, not just growth, and they are not helped to do so by insistence on prior achievement of Good Governance, meaning adoption of the institutional 'best practice' that ahave emerged in much richer countries. Anaylyse the meaning of political development and the influence of political modernisation theories on political development for African CountiresWhy do mainstream institution theories have a highly problematic understanding of the relationship between instetutions and economic development?Can sustainable development removes the gap between the rich and the poor? Cite an example and justify your answer. How do the government uses the monetary and fiscal policy to achieve economic development? Justify. Is FDI (foreign direct investment) beneficial for a country in achieving economic development? Justify your answer.
- Answer the following three questions 1. What do you think is the effect of a high dependency ratio in developedcountries? In developing countries?2. Is the heightened flow of people a unique feature of the current globalera?3. Has globalization facilitated or obstructed greater labor migration?Which institutional design would you say is more suitable for economic growth: a majoritarian or a consociational democracy? Why?What is the main objective of the Sustainable Development Goals of the United nations? What is the standard response to eradicating poverty? Why must we change our paradigm of growth and consumption to that of "de-development"? Why are the terms de-development, de-growth, and zero growth seemingly unacceptable to the usual framework of human progress?
- Describe two (2) weaknesses of development theory in conventional economic systems.evaluate this statement by providing THREE reasons for and THREE reasons against. Many believe that the main objective of government economic policy should be to increase productivity and economic growthAnalyse the constraints that hamper south Africa's economic growth.