Is underdevelopment a domestic or internally induced phenomenon? Explain the implication of extreme gap between rich and poor countries in the world. Identify the different sources of national and international economic growth?
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- Is underdevelopment a domestic or internally induced phenomenon?
- Explain the implication of extreme gap between rich and poor countries in the world.
- Identify the different sources of national and
international economic growth?
Step by step
Solved in 4 steps
- Why should Americans be concerned about extreme poverty in other nations? How does the globalized economy impede or promote poverty reduction? Would global economic growth still be desirable if it widened inequalities but reduced poverty? Why or why not?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?Why might high levels of inequality lead to lower rates of growth and development? Why might it be difficult to get out of this kind of trap?
- Class, despite the economic progress that the U.S. has observed in the past century, the standard of living remains extremely low in many countries. Consider the following regarding poverty in developing countries: . Why are some countries relatively wealthy while others are not? Consider some primary differences between countries. Which differences do you expect to affect economic growth and wealth? Can you think of anything else that can help other countries to achieve economic growth?What is the main objective of the Sustainable Development Goals of the United nations? What is the standard response to eradicating poverty? Why must we change our paradigm of growth and consumption to that of "de-development"? Why are the terms de-development, de-growth, and zero growth seemingly unacceptable to the usual framework of human progress?Why is there so much unemployment and underemployment in the developing world, especially in the cities, and why do people continue to migrate to the cities from rural areas even when their chances of finding a conventional job are slim? Give practical examples in your explanation.
- 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?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?The word trap suggests that there may be a way to escape.Does developing countries can escape all of the traps described in the contemporary models of development and underdevelopment? Which ones would be most difficult to escape? How could the developed world be of assistance in these cases? Could developed countries do more?
- Identify THREE public policies in Jamaica that can stimulate employment and facilitate economic growth in an economy.write about Arthur Lewis's dual-sector model of development, and how this model sheds light on the enormous challenges that poor countries are facing in the decades ahead. Are there any policies these countries could enact to overcome these challenges?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?