Reference no: EM132206644

Question: Development Theory and Policy Assignment

Instruction:Discuss each of the questions in detail and try to mention some real world examples for the questions as much as possible.

Individual Assignment

1. Why are similar rates of growth associated with different rates of poverty reduction?

2. "Growth is bad for the poor. They are marginalized from modernization, so inequality rises and even absolute poverty may rise as jobs disappear." Discuss on the validity of this statement.

3. "Poverty/Inequality-reduction programs are bad for growth and redistribution curtails incentive for saving and work." Can this statement be right? How?

4. Define what development means and then differentiate it from economic growth

5. Is there a level of inequality which is acceptable in that it does not endanger unacceptable occurrences of poverty?

6. What are your comments on the four measurements of development in the context of Ethiopian Economy?

7. How does the concept of "capabilities to function" help us gain insight into development goals and achievements? Is money enough? Why or why not?

8. Do you think that there is a strong relationship among health, labor productivity, and income levels? Explain your answer.

9. Can you think of an example of O-ring production from everyday life? Do you think your example is a good metaphor for development problems?

10. Why is the government sometimes a part of the problem of coordination failure rather than the solution? Does this make the problem hopeless? What could be done in this case?

Group Assignment

1. Discuss the three development typologies and their effect on social welfare according to Inequality Index Approach and Axiomatic Approach.

2. What are the peculiar natures of developing countries' economy that differ from developed countries? Why do developing countries characterized with these peculiar natures? As a result, the World is classified and polarized into South and North. Then what is your reflection about the impact of polarization on developing countries economic performance?

3. Using various transmission mechanisms, explain how does the absolute poverty level puts on pressures and negatively influences the sustainable development components and the sustainability of the development?

4. What is the meaning of a "colonial legacy"? Discuss any disadvantages and possible advantages.

5. Explain the essential distinctions among the stages-of-growth theory of development, the structural-change models of Lewis and Chenery, and the theory of international dependence in both its neo-Marxist and false-paradigm conceptualizations. Which model do you think provides the best explanation of the situation in most developing nations? Explain your answer.

6. What is meant by the term neoclassical counterrevolution? What are its principal arguments, and how valid do you think they are? Explain your answer.

7. What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do these measures differ from the UNDP's Multidimensional Poverty Index? Why should we be concerned with the measurement of poverty in developing nations?

8. Why do many economists expect income convergence between developed and developing countries, and what factors would you look to for an explanation of why this has occurred for only a limited number of countries and in such a limited degree so far?

9. What do African Institutions perform? Do you think that there is strong Institution system? Which Institutions cross beyond one century? What are the possible problems associated with the African Institutions in the current period?

10. What are good economic institutions, why do so many developing countries lack them, and what can developing countries do to get them. Justify your answer.