In the book, “Frontiers of Development Economics – The Future in Perspective (2001)” Yusuf and Stiglitz discuss the role of the state in managing and regulating development. Discuss the advantages and disadvantages of state intervention in the economy and options provided in this chapter on the role of the state.
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In the book, “Frontiers of Development Economics – The Future in Perspective (2001)” Yusuf and Stiglitz discuss the role of the state in managing and regulating development. Discuss the advantages and disadvantages of state intervention in the economy and options provided in this chapter on the role of the state.
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- Economic growth typically results in rising standards of living and prosperity. However, it also invites negative externalities such as environmental degradation due to over-exploiting of natural resources. As such, the world is confronted with the dilemma of growth versus environmental sustainability. Developing a model explaining the disparity of economic development concentrating on drivers such as tourism sustainability, technological innovation and the quality of leadership would be important not only to facilitate future economic growth in developing countries, but also to the environmental and sociocultural sustainability which ultimately lead to global sustainable development. The present research objective is to develop and test framework of sustainable development by considering the elements of tourism, technological innovation, and national leadership. This further would facilitate growth, environmental and socio-cultural sustainability. Understanding the integration of…The ecological paradox is one of the blind spots of development theory: True or FalseWhy do you think many developing countries like the Philippines were convinced of the necessity of development planning? Were the reasons strictly economic? explain.
- Why is economics central to an understanding of the problems of development?Prof. Stiglitz argued that developing countries should be given some favor (leeway) to pursue their pro-development policies as one of reforms aiming at addressing unfair trade agreements (arrangements) between the advanced industrial countries and the poorest developing countries. Why is this idea acceptable? Which of the following is LEAST appropriate for an answer? A. Because developing countries do not necessarily need to keep the principle of the most-favored-nation principle (i.e., non-discrimination principle) as member countries of the WTO considering their inferior and poor economic circumstances. B. Because developing countries can use pro-development strategies such as temporary industrial policies under which they can facilitate rapid development of their favored industries with subsidies. C. Because allowing the developing countries to pursue their pro-development policies is one of effective way of their catching up rapidly with the advanced…Prof. Stiglitz argued that developing countries should be given some favor (leeway) to pursue their pro-development policies as one of reforms aiming at addressing unfair trade agreements (arrangements) between the advanced industrial countries and the poorest developing countries. Why is this idea acceptable? Which of the following is MOST appropriate for an answer? A. Because developing countries do not necessarily need to keep the principle of the most-favored-nation principle (i.e., non-discrimination principle) as member countries of the WTO considering their inferior and poor economic circumstances. B. Because developing countries can use pro-development strategies such as temporary industrial policies under which they can facilitate rapid development of their favored industries with subsidies. C. Because allowing the developing countries to pursue their pro-development policies is one of effective way of their catching up rapidly with the advanced…
- 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 farWhy is economics central to an understanding of the problems of development? BOOK : DEVELOPMENT ECONOMICS 12TH EDITIONthe basic needs strategy and the stratgic development goals are key instruments within the economies of developing countries since 1980s to date. what arguments have been put forward in support of these instruments
- Should any or all of the four countries classified as "developing counties" ? Justify your response. Four countries below: Nigeria Barbados Cuba Abu DhabiTrue or false ? For many developing countries, the trade-off between development in the present and addressing the immediate needs of the populations is a difficult mix of political considerations. True or falseWhat is development policy and policy mix in microeconomics,please give two examples.