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Q: In a capitalist economy, is income inequality necessary for economic growth?
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Q. a) How can the age structure of population affect economic development? (
b) Describe the benefits of the density dividend.
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- In a capitalist economy, is income inequality necessary for economic growth?Which statements are TRUE? 11. Regardless of the process of development that a nation follows, complementarity of inputs is required. 12. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology. 13. Urbanization, when centralized, leads to migration to and congestion of centers of development. 14. Underdevelopment is a point of equilibrium just as development is. 15. Pareto improvement is possible in situations where better Gini coefficient already exists. 16. In the process of development, pecuniary externalities can be totally avoided. 17. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries. 18. Improving hard and soft infrastructure increase investments and trade of a nation. 19. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector. 20. O- Ring Model posits that there…In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE to be effective or well-directed economic development strategies to alleviate global poverty? Group of answer choices Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies. Traditional aid projects to the less developed economies have been inflexible and ineffective. Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them. The primary stumbling block to development in poor countries has been the bad advice they received from the rich…
- Which of the three objectives of development should you meet and apply from the given scenario? In recent Canadian survey found that two thirds of Ontarians feel that Muslim immigrants have fundamentally different values than themselves. a. Raise levels of living. b. Increase the availability and widen the distribution of basic-life sustaining goods c. Expand the range of economic and social choices.Would you expect the relative returns to primary education, on the one hand, and secondary and postsecondary education, on the other hand, to change as economic development takes place?In Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of unsustainable development. What are some examples of market imperfections that hamper efforts to achieve sustainable development? Do such imperfections always lead to unsustainable outcomes? What are some economic incentive policies that might facilitate a transition from unsustainable to sustainable activities?
- How can technology increase inequality with the GDP growth?Does social capital improve economic development? Using the available evidence to supportyour response. Discuss the question.The question am asking is based on the capabilities approach developed by A. Sen. My question is Why to lead a long and healthy life, to be educated, to have access to the resources and social services needed for a decent standard of living and to be able to participate in the life of the community are important capabilities to determine human development?.
- Describe two (2) weaknesses of development theory in conventional economic systems.Why do mainstream institution theories have a highly problematic understanding of the relationship between instetutions and economic development?In light of the discussion on inequality elaborate on the hypothesis of Kuznet’s Curve. Examine the role of State in the economic growth process as represented by the curve. answer this question in about 500-600 words
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