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Problem 1:
Any development strategy should put people first; indeed, its very effectiveness should be measured in terms of how it impacts the poor.
(a) Describe the link between development and poverty with reference to the UNDP's efforts to quantity these phenomena.
(b) What measures will a government take to ensure that the benefits of economic growth trickle down to the poor?
Problem 2:
(a) What is endogenous growth theory and what are its policy implications?
(b) Do you think that endogenous growth theory can give a good explanation of the Mauritian "economic miracle"? Discuss fully with reference to the relevant empirical literature.
Explain the term Fordism Between approximately 1890 and 1930-or perhaps 1890 and 1950-a host of innovative technologies and business practices were adopted in the US. Europeans
social welfare ordinal
Telecommunications industry in South Africa
What is Deflation? Deflation in economics refers to reduce in the general price level, i.e. the nominal cost of goods and services as well as wages reduce. As, it is an opposi
primary reference electrode,she
Returns to Scale in Carpet Industry * The carpet industry has grown from the small industry to large industry with some large firms. * Question - Can the growth be illu
what is the theory of second best? prove the theorem with the help of a diagram.
Problem: (a) Define money and briefly explain its core functions. (b) Explain the relationship between interest rate and price of bonds, illustrate using example. (c)
Corporatism: A system for managing income distribution andwage determination, in that wage levels are determined centrally (across industries or even whole countries) on the founda
A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least c
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