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Question - 1
A) how are rules and governance important to economic Development and growth?
B) how can international aid assist countries with economic development? Can international aid also cause problems?
C) what can be done to Assist development countries?
Step by step
Solved in 2 steps
- List the areas where government policy can help economic growth.How much should a nation be concerned if its rate of economic growth is just 2 slower than other nations?What other factors, aside from labor productivity, capital investment, and technology, impact the economic growth of a country? How?
- 7- Developing countries all over the world are concerned about how to improve their National Income and Per capita Income. Which central economic problem is this related to? a. How to produce the goods and services? b. What goods and services to be produced? c. How to achieve economic growth? d. For whom to produce?True or False 1. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 2. What a country has for its resources determines to a great extent its ability to influence the decision-making processes of another country. 3. As globalization disposes integration of national economies, countries must expand it into international markets. 4. Income levels, attrition rate in school enrollment, incidence of migration from rural to urban centers are among the non-economic variables in determining extent of economic development. 5. For economic development to become manifest, it must be a result of the interplay of economic and non-economic factors.QUESTION 2 Most developing countries have been struggling to achieve economic growth and economic development. As a policy maker explain what advice you would give to these countries to achieve both economic growth and economic developmen
- Question 5.A critically explains the cost of growth.1. Compare developing countries & developed countries in terms of incomes, employment, and population growth 2. i. State & explain Lewis Two-Sector Theory/Model of Economic Development - its assumptions, its two sectors, and how economic development is achieved. ii. What is the criticism of Lewis model?Life in the Developing Nations: Population and Poverty 1.What is the distribution of the world's population between the developed nations and developing nations? What is the distribution of income between these two groups and their consumption as a percentage of world income? 2.Can the same principles that have been used in the study of advanced economies be used to study less developed economies as well? Explain your answer. 3.What are some of the issues that economists have to worry about when studying developing nations that are very different from those of advanced industrialized nations? 4.In the 1960 nations could be divided into three distinct groups. Discuss these three groups and offer examples of countries that fit into each of these categories. 5.Why is it that today it is more difficult to categorize countries into the three neat groups like the one that were used in the 1960s.
- 1. Which is not true regarding the role of human capitals in economic development? a. Supplies labor for industry sector b. Source of industrial human resource c. Gives a market for non-agricultural commodities d. None of the above 2. Among the given choices, which doesn’t correlate with the global poverty? a. technology b. population growth c. low defense budget d. gender inequalityTRUE OR FALSE: 1. With regards to the nation’s economy, population growth rate has a major impact on it. 2. In underdeveloped nations, practically all income is utilized to buy consumer goods, which leaves little, if there’s any, for the savings.1. Give ideas/examples can the international community (United Nations) take in improving affordable accessibility to technology for developing nations or communities? 2. Give ways/examples that the Member States of the United Nations can do to ensure that developing nations have the capability to transition through advancements in technology.