Reference no: EM133064279

1 Explain what policies and strategies are most effective in increasing rural income and reducing rural poverty in developing countries?

2 Compare and contrast the historical population growth patterns of developed countries and today's less developed countries. Why are the patterns different?

3 "The informal sector continues to play an important role in developing countries, despite decades of benign neglect and even outright hostility". Critically evaluate this statement.

4 Explain what changes should less developed countries make in trade policy to increase their gains from globalization?

5 How important have the World Bank (WB) and International Monetary Fund (IMF) been as sources of funds for less developed countries? Do you think there should be any changes in WB and IMF programs and conditions? Why?

6 Explain the essential distinctions between the Harrod Domar growth theory of development and the Solow growth theory. Which model do you think provides the best explanation of the situation in most developing nations? Explain your answer.

7 Briefly explain how trade can promote economic development of a developing country. Discuss briefly the trade optimistic and trade pessimistic arguments.

8 Distinguish between absolute poverty and relative poverty. By using an appropriate formula explain the term "total poverty gap".