The major hypothesis of the structural change model is that development is an identifiable process of growth and change, whose main features are similar in all countries.” What is this? Do you agree that all countries experience similar structural change? What evidence support for/against it? Explain!

Q: Describe two (2) weaknesses of development theory in conventional economic systems.

A: Development theories have been the subject of much discussion and debate among economists and…

Q: Using the Solow growth model suppose that there is a hurricane coming toward a city. Because it is…

A: Solow model in economics is the long-run growth model that studies the changes in economic growth of…

Q: In “Why and When Did the West Get Rich?” Maddison argues that the emergence of urban trading centers…

A: When a nation/society as a whole goes through some major changes, it can also happen with changes in…

Q: Why might high levels of inequality lead to lower rates of growth and development? Why might it be…

A: A country with high initial inequality has a lower rate of income distribution that is equally…

Q: agree or disagree with the contention that business entities have a history of being at the cutting…

A: Technology plays an important role in the growth of businesses and in the era of globalization the…

Q: how does the Leontief paradox relate/apply to the growth trajectory of a country? kindly give an…

A: Introduction Leontief argued that the Heckscher - Ohlin theorem predicts that a country will tend to…

Q: What is the true meaning of Economic Development? How can it influence productivity in a country?…

A: True meaning of Economic Development Economic and social growth is the mechanism by which a…

Q: explain the Lewis Theory of Economic Development comprehensively

A: Through maintaining and increasing the main workers of the area, industrial growth tends to shield…

Q: What are the three geographic disadvantages that Jeffery Sachs argues have adversely affected the…

A: Jeffrey Sachs makes sense of development results by giving geological clarifications. They contend…

Q: Are Structuralists' approaches to economic growth consistent with the Harrod – Domar theories of…

A: Economic growth is defined as the increase or improvement in the inflation-adjusted market value of…

Q: advanced co

A: As per the dependency hypothesis, underdevelopment is being principally brought about by the fringe…

Q: Please help reply to this discussion . needs to be a minimum of 150 words. thank you "Free market…

A: A free market is an economic system characterized by voluntary exchanges and minimal government…

Q: write about Arthur Lewis's dual-sector model of development, and how this model sheds light on the…

A: Quantity of enterprise depends on certain factors that are important for enterprise. It would…

Q: In group of countries: Australia, China, South Korea and Papua New Guinea in 2010-2021 period. Pick…

A: Global economics encompasses the investigation and evaluation of cross-national economic,…

Q: What are the implications of this model for "convergence" of income levels and income growth rates -…

A: Economic analysis is the precise investigation of how individuals, organizations, state run…

Q: Why are economic growth rates different in the Jamaica and Antigua? Is this a macro-economic…

A: Economic growth refers back to the increase in the production of products and services inside an…

Q: definition of economic development, How should it be measured?

A: Economic development- The process of transforming simple and low-income economies into modern…

Q: The past few decades have seen a number of definitions or interpretations of the term development.…

A: Throughout the 20th century, the concept of development underwent various interpretations, shaped by…

Q: 2. Why might high levels of inequality lead to lower rates of growth and development? Why might it…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Define the following conceps: Rule of 70, Determinants of Economic growth, Growth Accounting

A: Economic Development is an initiative, policy, or project that seeks to enhance the economic…

Q: TRUE OR FALSE? The new growth theory emphasized the role of human capital development. The two…

A: When talking about new growth theory, it explains the role of various economic variables that…

Q: What are the advantages of Endogenous growth theories?

A: Endogenous Growth Model Endogenous Growth Model explains that the factors determining economic…

Q: MODIFIED TRUE OR FALSE   UNDER PATTERNS OF STRUCTURAL CHANGES, ECONOMIES MUST GO THROUGH A NUMBER…

A: When talking about structural changes, it is the change in the traditional way of production in…

Q: Economic growth

A: Economic generally agreed that economic development and growth are influenced by four factors:-…

Q: Show graphically why neo malthusians believe that economies will devolve to low growth equilibria.

A: Population growth refers to the increase in the number of individuals living in a given area over…

Q: What do you understand by the development model of Arthur Lewis?

A: The development mode of Arthur Lewis is known as the "Lewis Model" or "Lewis dual sector model". It…

Q: Why do mainstream institution theories have a highly problematic understanding of the relationship…

A: The mainstream institution theories have a highly problematic understanding of the relationship…

Q: critically discuss the similarities and differences in growth factors based on Adam Smith's, David…

A: The objective of this question is to critically analyze and compare the growth factors as proposed…

Q: How do unemployment rates and economic growth affect individuals, businesses, communities, and the…

A: Unemployment refers to the state at which people who are actively looking for the job but are unable…

Q: Which of the following is true about the relationship between foreign aid and economic development?…

A: Answer -   Foregin aid :- It is type of help or grant which has been provided by forging financial…

Q: Why might high levels of inequality lead to power rates of growth and development? Why might it be…

A: Maintaining equity or reducing inequality is one of most important objectives of any government.…

Q: Critically discuss Rostow’s 5 stages of Growth theory and the criticism levelled against it? How can…

A: Rostow’s Growth Theory One of the most influential development theories of the 20th century is…

Q: How is Schumpeter Theory of Economic Development promote businesses to perform better? discuss

A: Schumpeter’s theory of development assigns huge role to the business and innovations introduced by…