Discuss theories for divergence in economic development

Assignment Help Microeconomics
Reference no: EM132015605

Question: 1. The past 500 years have seen divergence in GDP and growth rates between developed and undeveloped countries. Name 3 examples of countries whose development runs contrary to this trend (i.e. a developed country whose growth stagnated, or an underdeveloped country that experienced above-average growth), and give one potential explanation for each example.

2. Briefly describe the 3 main theories for divergence in economic development. Describe an argument for, and an argument or counterexample against each theory.

3. Explain the difference between economic growth and economic development. Use an example of a civilization or event we studied in class to illustrate the difference between the two.

4. Is China an appropriate counterexample to the geographic theory of development (a la Guns, Germs, and Steel)? Why or why not?

5. Give 2 examples of historical events or trends that occurred from 1000-1700 CE, and describe how they contributed to the decline of manorialism or serfdom.

6. Describe the difference between serfdom in Eastern and Western Europe. Use historical and/or theoretical examples to explain how these differences came about.

Reference no: EM132015605

Questions Cloud

Stocks purchased with the market index increased : Correlation of stocks purchased with the market index increased from .6 to .8, and standard deviation of the stock and market index is 25.7%.
What is the speed of the center of mass of the sphere : (a) How much of this initial kinetic energy is rotational? (b) What is the speed of the center of mass of the sphere at the initial position?
What is the rate of heat flow per second : What is the rate of heat flow per second into the window from the environment outside if the temperature of the room is kept at 79.7o F
Market required yield to maturity on comparable-risk bond : The annual coupon interest rate is 12 percent and the market's required yield to maturity on a comparable-risk bond is 14 percent.
Discuss theories for divergence in economic development : Briefly describe the 3 main theories for divergence in economic development. Describe an argument for, and an argument or counterexample against each theory.
Magnitude of the angular momentum and angular velocity : About that axis and with torque applied for 40 ms, what is the magnitude of the (a) angular momentum and (b) angular velocity of the disk?
The price of the pybus bonds : The price of the Pybus bonds if they receive a AA rating will be $__.
Calculate the cash flow for shareholders : Based on Statement of cash flow, please calculate the cash flow for shareholders and cash flow for debtholders.
Evaluate the information presented in the article : Evaluate the information presented in the article. This assignment has many benefits. First, it requires a search of indexing and abstracting databases.

Reviews

Write a Review

Microeconomics Questions & Answers

  Discuss what economic theory states and predicts

Discuss the model or economic theory that relates to the issue presented in the news article and discuss what economic theory states and predicts about the issue presented in the news article.

  Which of your current costs are implicit

Which of your current costs are implicit, and which are explicit and suppose The Breakfast Club, Inc. offers to pay $800/month to use the building

  Annual increase in the number of people in poverty

The official poverty rate in 2010 was 15.1 percent-up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 percent to 15.1 per..

  Identify the benefits of labor migration

Identify and detail three costs and benefits of labor migration. migration decision .

  Overall impact of this resettling of the fiscal variables

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  A furniture store is having a customer appreciation sale

a furniture store is having a customer appreciation sale. depending on the total dollars purchased customer could

  Today and yield the return of 2500 a year indefinitely

suppose a third project will cost 20000. today and yield a return of 2500 a year indefinitely. what is the present

  Would you say that view basically supports keynesian or

suppose your local congress representative suggests that the federal government should not intervene in the baseball

  Was a change in potential output or short-run output

The new economy of the late 1990s: Between 1995 and 2000, the U.S. economy experienced surprisingly rapid growth, termed the "new economy" by some observers.

  Evaluate why policymakers face a short-run trade-off

Evaluate why policymakers face a short-run trade-off between inflation and unemployment and why the inflation-unemployment trade-off disappears in the long run.

  Find factors that would lead to a change in demand or supply

What is the current level of competition on short haul international routes in Houston? Find the factors that would lead to a change in demand and/or supply.

  Use the selected firm or industry as the focal point

Provides a background commentary on the cost structure and the level of competition experienced by your firm/industry. You must include demand and supply factors, fixed and variable factors/costs, price elasticity and the aims of the firm/industry..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd