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Problem 1:
(a) Explain the common set of problems that developing countries usually face.
(b) In your opinion, which of the problems described in part (a), are more significant to Mauritius? Justify your answer.
(c) Critically assess whether education is a source of economic growth and development.
Probelm 2:
(a) Describe the different views on development.
(b) Describe why development must be conceived as a dynamic and multidimensional process, involving major changes in every aspect of a society.
Discuss the impact of rational self-interest on each of the following decisions
what are the sources of monopoly power
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
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