Contrary to what neoclassical economics has argued, many development economists believe that redistributing wealth or income can increase economic growth in developing countries. How?
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Contrary to what neoclassical economics has argued, many development economists believe that redistributing wealth or income can increase
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- Explain why fertility rates are falling much more rapidly in some developing countries than in others.How do the Malthusian and household models impact high fertility in developing countries?Why do you think many developing countries like the Philippines were convinced of the necessity of development planning? Were the reasons strictly economic? explain.
- An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.List at least three prominent characteristics of developing countries that are present in the Philippines. What makes you think so?Analyze Pakistan and Bangladesh by considering three of the common characteristics of the developing countries you have chosen.
- Is it true that economic growth is the only way to improve living standards in developing countries?There are two main models explained in the chapter, i.e. the big-push model and the O-ring model. How relevant are these models in describing today’s developing countries? What limitations or challenges with these models? Explain your answers!Population size is no guarantee for economic prosperity. However, developing countries that have low per capita income represents a rewarding market for global trade because of their .......? A) technology B) political stability C) huge populations D) infrastructure
- What policies (if any) should governments in more economically developed countries (MDCs) pursue to reduce global population growth? If an MDC provides funds and advice to promote family planning, does it gain the right to tell developing countries how to spend the funds and how to use the expertise? Explain your answer.Critically evaluate how happiness is related to economic development. Use Macroeconomics and Microeconomics theories.How does stability conflict with growth?
