Reference no: EM132512312

1) Write down any five of the features that the developing countries tend to have in common, on average, in comparison with the developed world.(briefly)

2) What is the relationship between a Lorenz curve and a Gini coefficient? Briefly explain.

3) Describe Walt Rostow's stages of growth theory in one sentence.(briefly)

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

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? (briefly)

6) How do you interpretthe relationship between consumption and happiness in the consumption-society in the post-modern era? Explain your arguments.