Reference no: EM13891946
1. What are the key limitations of per capita national income as a concept of well-being? Explain the nature of limitation in each case. Which of these limitations can be adjusted for? Are they in fact adjusted?
2. What is the basis of the concept of human development? Describe fully the formula by which the “human development index” (HDI) is calculated.
3. Briefly describe the Autility@ and Acapability@ concepts and the corresponding measures (per capita national income and the Human Development Index respectively) of economic well-being. Assess the strengths and weaknesses of each.
4. Discuss some of the key sources of diversity among countries usually classified as "less developed countries".
What characteristics are widely shared among them that might justify their being so classified?
5. Developing countries vary along many dimensions yet we routinely group them together. Spell out and justify both halves of this proposition.
6. What are the Millennium Development Goals? Enumerate at least 5 of them and briefly describe the nature of the objective or target that has been set under each.
7. What are the main issues differentiating the advocacy of growth versus the advocacy of human development?
8. For both Weber and Marx, the industrial revolution in Western Europe was the child of capitalism. How, then, do their views of the development of modern economic growth differ?
9. Sum up the main accounts of Europe’s industrial revolution, each in a sentence or two. If it is true that the industrial revolution was the child of capitalism, what, in your own view, accounts for the rise of capitalism itself?
10. How would you characterize Western Europe's pre-capitalist economy? What features of that economy explain economic stagnation as compared to the modern economic growth that Europe later experienced?
11. Evaluate the relevance of the colonial impact on third world countries for their contemporary development problems and prospects.
12. Third world countries, as late industrializers, face both additional hurdles and advantages compared to early industrializers. Substantiate this view.
|
How simultaneous shifts in demand and supply curves
: Explain how simultaneous shifts in demand and supply curves could explain this situation: A pest attack on the tomato crop increases the cost of producing ketchup. A mild winter causes cattle herds to be unusually large, causing the price of hamburge..
|
|
What the long-run effects would be on real gdp-public saving
: Many people believe that Congress will eventually have to reduce Social Security benefits in order to reduce the budget deficit. Although most of the changes would not take place until later, assume for the purpose of this problem that Social Securit..
|
|
An education in equality and learning begins at home
: After viewing “An Education in Equality,” “Learning Begins at Home,” “A Military Education,” and “an Education,” write an organized and well-supported essay in which you make three observations about education and what impacts (and enhances) student ..
|
|
How do you understand the term the great divergence
: How do you understand the term “The Great Divergence”? List & explain the causes of The Great Divergence. Compare and contrast the factors that are mainly responsible for the growth convergence of East Asia and the growth divergence of “The Rest”. De..
|
|
What is the basis of the concept of human development
: What are the key limitations of per capita national income as a concept of well-being? Explain the nature of limitation in each case. Which of these limitations can be adjusted for? Are they in fact adjusted? What is the basis of the concept of huma..
|
|
Draw the international trade equilibrium
: Suppose there are two goods being produced in the economy: robots and wheat. Robots are a capital intensive good and wheat is a labor intensive good. Suppose that there are two countries: France and Brazil. France is capital abundant and Brazil is la..
|
|
Determine substitution effect-income effect-total effect
: Let the consumer begin in utility maximizing equilibrium at point A on indifference curve I. Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve II. Write the linear de..
|
|
What is the law of comparative advantage
: What is the law of comparative advantage? How do you use it to support free trade in the world? What international institutions were created and how have they worked to liberalize international trade?
|
|
About the nature of the global economic system
: What is NIEO (pp. 130-137)? What major demands did the Third World countries put forward? Are these demands reasonable? What major forces have shaped the development process for LDCs? How do these forces create tensions between the South and the Nort..
|