Q: Does the World Bank Help to Eradicate Poverty in Developing Countries or rather helping to create a…
A: World Bank formally known as the International Bank for Reconstruction and Development (IBRD) is an…
Q: How should a guaranteed income system be built as part of a pro-development socio-economic policy?
A: Economic decisions depend on prospective and current financial condition, in consideration with…
Q: • Developing countries are commonly characterized by: a. low levels of living, high levels of income…
A: a. Low level of livings, high level of income inequality, and high dependency burdens Option"a" is…
Q: Explain what has led to over- indebtedness in most of our developing countries
A: The developing nations are the middle income nations which have low level of development. These…
Q: Development economics must have a scope wider than traditional economics because ______________. a.…
A: Development economics is the branch of economics that deals in the economics of development of the…
Q: Can the HUMAN DEVELOPMENT INDEX alone measure a country's level of development?
A: Economic growth refers to the increasing value of goods and services in a given time period.…
Q: At the beginning of the year, one developing country (DVC) has a real income per capita of $1,000.…
A: Real per capita income(RGDP) measures the total amount of money earned by per person. It is obtained…
Q: Discuss whether and why the educational systems in many developing countries have led to…
A: Income inequality basically refers to the degree to which income is allocated unequally among a…
Q: Should any or all of the four countries classified as "developing counties" ? Justify your response.…
A: The developing countries would result in the list of the countries whose national income and the per…
Q: Describe briefly the theory of the demographic transition. At what stage in this transition do most…
A: The economies around the world tend to behave in different ways. There are various entities in the…
Q: How can technology and interventions in development offset the pressures of population growth? Under…
A: How can technology and interventions in development offset the pressures of population growth? Basic…
Q: experiencing a demographic transition much like the one developed countries did at their earlier…
A: Yes developing countries are experiencing transition of demography just like developed countries…
Q: MODIFIED TRUE OR FALSE Development indicators are statistics which are used to rank countries and…
A: When talking abou financial indicators in economics, it can be said that these are the economic…
Q: Human Development approach - is about expanding the richness of human life? Elaborate in detail why…
A: In an economy, government and policymakers use various measures to identify the improvement in…
Q: Despite serious congestion in cities of developing countries, rural-urban migration does not seem to…
A: Urbanization happens for the most part since individuals move from country zones to metropolitan…
Q: Aside from China and India, which among the developing countries possess the elements or…
A: Over the last 50 years, the center of economic power has been slowly shifting from the west to the…
Q: What measures of income poverty are favored by development economist?
A: Absolute poverty is the condition where, in order to ensure continued survival, the poor are barely…
Q: It is important of both manufacturing and service sectors have the widest variation in the…
A: The developing country is one that is trying to expand its economic activities in the rest of the…
Q: Policies that prioritise health in development are likely to also translate into: (a) No impact…
A: By the efficiency wage argument, we know that workers who are healthy are also more productive. A…
Q: Given the diversity of developing countries, do you think there could ever be a single, unified…
A: The economic development involves the improvement in the number of indicators such as life…
Q: indly answer this as soon as possible. Urgent And answer in full and detailed manner. Explain the…
A: Developing countries are those whose economies have a coffee GDP per capita and trust heavily on…
Q: The social exclusion approach implies that: a. people who are anti-social are anti-poor and…
A: Social exclusion is a multi-faceted and complex process. This means lacking or being denied…
Q: Why is an understanding of development crucial to policy formulation in developing nations? Do you…
A: Development is a process through which a country can boost its economic growth. Most of the…
Q: Which of the following statements regarding contemporary development theories is true? a. None of…
A: Answer - Development theories :- These are the theories which analyze the different patterens of…
Q: At least partially due to local comuption and a lack of stable political structures, official…
A: Official assistance in the form of grants and aid are usually not given in the form of money because…
Q: Using examples from Africa, critically analyse the extent to which vulnerability and social…
A: Vulnerability and Social Exclusion : * The concept of social exclusion states that poor people have…
Q: of develop
A: Urbanization implies the shift in population from rural to urban areas which leads to decrease in…
Q: How
A: In economics, fertility rate is one of the factors that influence the economic growth as it provide…
Q: Identify any three (3) broad indicators of development and examine these in relation to the country…
A: Identify any three (3) broad indicators of development and examine these in relation to the country…
Q: do you think that the concept of dualism adequately portrays the development picture in most…
A: Dualism: In economics dualism is an economic concept where two separate economic sectors lies within…
Q: Why is development participation not used more often despite its potentially decisive role in…
A: Local communities are involved in development projects through participatory development (PD). Since…
Q: The ecological paradox is one of the blind spots of development theory: True or False
A: Ecological Paradox: It is a kind of fallacy , if the data is collected at country level and the…
Q: There are three sets of economic growth through increases in technology. Describe how those three…
A: Economic growth is estimated by an expansion in total national output (GDP), which is characterized…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- This is a really straightforward problem of human capital acquisition. Let ht stand for generation t's human capital (i.e., human capital of people born in year t). Assume that education spending, represented by x and quantified in $1,000 US dollars, builds human capital. If x = 30, the entire expenditure is 30,000 dollars, and the individual's human capital is ht = 2x.Assume that everyone has the same amount of human capital and that production per person is the same.Individual is yt = Aht, where A > 0 is a constant technological parameter.Find yt's (long-term) growth rate. Display all of your work and explain how you arrived at your conclusions.Last year, $100 million in outstanding bank loans to a developing nations government were not renewed, and the developing nation's government paid off 52 million in maturing government bonds that had been hel bu foreign residents. During that year, however, a new group of foreign banks participated in a $104 million loan to help finance a major government construction project in the capital city. Domestic firms also issued $42 million in bonds and $62 million in stocks to foreign investors. all of the stocks issued gave the foreign investors more than 10 percent shares of the domestic firms. calculate the gross foreign investment in the nation last year. $___ million calculate the net foreign investment in the nation last year. $___ millionWill free trade and perfect competition lead to an equalization of wage rateacross countries? Explain. Why would the wage rate vary between developedand developing countries in the same sector in a real world situation, even afterthe adoption of free trade?
- If these population changes were only due to human migration, what conclusions could be made, based on the map? a) The majority of states are experiencing immigrationtherefore, the overall country has an increase in population size b) The majority of states are experiencing emigration therefore, the overall country has an increase in population size. c) The majority of states are experiencing immigration; therefore, the overall country has a decrease in population size d) The majority of states are experiencing emigration; therefore, the overall country has a decrease in population sizeConsider Romer Model 2. Suppose there are two countries, rich and poorone. Both countries have the same population size, L and the same knowledgegeneration productivity parameter, z. At the beginning, time 0, the rich countryhas more knowledge stock than the poor one, Ar0 > Ap0, where subscript labelstime and superscript labels country being rich or poor. However, the fractionof researchers in poor country is larger than the one in rich country, ̄lp > ̄lr .Question 4 Part aIn which country, would you prefer to live in the short-run? How about in thelong-run?How long would it take for the poor country to reach rich one’s per capitaoutput level? Show your results analytically and graphically as well. (If you pre-fer solving this question numerically by assigning values to the above parametersand variables, feel free to do so(a). Provide a definition of ‘technological capability’ and ‘social capability’ and describe the differences between them. Why can we say that innovation has a ‘systemic’ nature? (b). Financial development, social capital, favourable business regulation, trade openness are different aspects of ‘social capability’ influencing innovation processes and, therefore, economic development. Make a ranking of these factors according to their observed degree of importance for economic development. Explain why ‘inclusiveness’ and ‘equality in opportunities’ can strengthen the innovation capability of an economy. (c). Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries. Please answer all the parts of this question.
- Elaborate the degree to which other emerging nations can establish a benchmark against Rwanda in order to attain a comparable trajectory of growth and development in C. Nweze's (2018) case study titled "The Unprecedented Economic Growth and Development of Rwanda,"Which statements are TRUE? A. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries. B. Improving hard and soft infrastructure increase investments and trade of a nation. C. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector. D. O- Ring Model posits that there are no small tasks in the development process of nations.Some resource-rich countries have succeeded in converting resource wealth into longterm and equitable economic development, while many others have not. Naturalresources have played a fundamental role in the growth of several industrializedeconomies, including Germany and the United Kingdom, where coal and iron ore depositswere a precondition for the Industrial Revolution. The United States was the world’sleading mineral economy from the mid-nineteenth to the mid-twentieth century and in thesame period became the world’s leader in manufacturing (van der Ploeg 2011). Morerecently, countries such as Botswana, Chile, and Norway have used abundant oil andmineral resources as the foundation for economic growth. However, in many othercountries, resource extraction appears to have undermined governance, fed corruptionand capital flight, and increased inequality.Required:(a) Discuss the main challenges posed by resource revenues; and(b) Discuss the special fiscal institutions and mechanisms…
- By taking into consideration the history of the Caribbean, the economic theories underpinningCaribbean development as well as the features of the typical Caribbean economy, construct ahypothetical (ideal) economic model that you consider suitable for the economic development ofthe Caribbean. Ensure that you carefully explain/justify the reasoning behind the development ofyour model.By taking into consideration the history of the Caribbean, the economic theories underpinningCaribbean development as well as the features of the typical Caribbean economy, construct ahypothetical (ideal) economic model that you consider suitable for the economic development ofthe Caribbean. Ensure that you carefully explain/justify the reasoning behind the development ofyour model.You will now need to analyse your new model. Be sure to clearly show how your “new”model improves on the other models that exist ( charts or graphs of necessary)1. Generally, countries which have higher average years of education per individual have ______. a. higher education Gini coefficients b. less equal distributions of education c. lower education Gini coefficients d. first and second option only e. none of the above 2. Closing educational gender gap is broadly considered as economically desirable since ________. a. the rate of return on women's education is higher than that on men's in most LDCs b. increasing women's education increases their productivity c. it would help lessen poverty, since women are less likely to be impoverished than are men d. first and second choice only