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- Why is a strictly economic definition of development inadequate? What do you understand economic development to mean? Provide hypothetical or real examples of situations which a country may be developing economically but may still be underdeveloped?Why is a strictly economic definition of development inadequate? What do you understand economic development to mean? Can you give hypothetical or real examples of situations in which a country may be developing economically but still be underdeveloped?Under what circumstances is rapid population growth beneficial to societies?
- How can technology increase inequality with the GDP growth?TRUE OR FALSE: 1. The one with the bigger per capita GDP between two countries will have a more equitable distribution of income. 2. As of the present, the population growth is considered as a desirable phenomenon.Does social capital improve economic development? Using the available evidence to supportyour response. Discuss the question.
- If one of the two representatives at an international development conference defines ‘development’ as having high-rise buildings and modern architecture while the other defines ‘development’ as having high family values and strong moral standards, what kind of disagreement do you think they are engaged in and why do you think so? As a member of the organizing team seeking to bring development to all participating nations at the conference, do you think a stipulative definition is helpful? Justify your answer referencing our discussions in the course so farHow is inequality related to development? What relationship can be seen among the two variables economically?Why is economic growth necessary for reducing poverty and inequality.
- Why would you expect an inverse relationship between self-sufficiency and real GDP per capita?Political economists have offered a range of explanations of economic and human development. These explanations can be grouped into two types: political and economic. Which type of account best explains why some countries are developed but not others?Identify three public policies that can facilitate economic growth in sustainability