c) Malaysia has been a successful developing country and is forging ahead to become a developed nation in its own mold. Explain the three economic indicators of development in a country.
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- B. WHICH OF THE DIFFERENT THEORIES OR APPROACHES THAT BEST DESCRIBETHE ECONOMIC SITUATION OF THE DEVELOPING NATIONS? EXPLAIN YOURANSWER.Descibe differences between economic growth and economic development2.Explain the meaning of dualism and dual societies.Do you think that the concept of dualism ade-quately portrays the development picture in most developing countries? Explain your answer.
- Which of the following policies could a relatively poor developing country 3dopt to promote economic growth? Check al that apDly. = o = O s R Bravent spaculation by heavily taxing the sales of corporate stocks and bonds. Establich and enforcs strong property rights. Zllow the goverment to make ecisions about the economy's current production and investments for future production, Allow people and businesses to trade freely with forsign producers and consumers. Give inventors and authors exclusive, temporary rights to market and sel their creations.Select a developing country that interests you and searchfor evidence suggesting which factors are the bindingconstraints on growth.Development economics must have a scope wider than traditional economics because ______________.a. transformation of social institutions is necessary for developmentb. people in developing societies do less utility-maximizingc. values and attitudes play little role in the pace of developmentd. all of the above
- Explain how GDP, the categories of economic development, and the business cyde influence marketers' deci- sions in entering global markets. Whal are the BRICS countries? Whal is the Group of Seven (G7)?Which of the following organizations provides loans to developing nations? a. GATT b. European Union c. IMF d. WTOHow docs the rate of population growth influence thelevel of GOP per Jl<'rson?
- Developing countries are usually described as followers, with respect to developed ones, in the accumulation of technological knowledge. For this reason, they are aften advised to attracted foreign direct investment (FDI) of multinational corporations (MNC) to absorb technological knowledge from abroad. 3.a) Are FDI from MNCs always source of technological progress for developing countries? 3.b) Which are the most relevant channels through which technological knowledge could be transferred from MNCs subsidiaries to domestic companies? 3.c) Think at the different types of Global Value Chain (GVC) governance. Identify which is the best and the worst form of GVC governance for the absorption of technological knowledge from the point of view of a single partner company involved in a GVC .explain 1.Orthodox or conventional economists say that to address unequal growth between the rich and thepoor, the world economy needs to grow more. Do you agree with this idea? Why or why not? 2.What does the term “de-develop” mean? Is it a positive or a negative idea? 3. According to investopdia.com, a steady-state economy is an economy structured to balance growt hwith environmental integrity, seeking to find an equilibrium between production growth andpopulation growth. This type of economy aims for the efficient use of natural resources but alsoseeks a fair distribution of the wealth generated from the development of those resources. Is thistype of economy more plausible than continued, unlimited economic growth? Why or why not?What is the role of a citizen in contributing towards sustainable developmentgoals especially Sustainable Development Goals in Quality Education?