Lewis model of economic development, Financial Management

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Question 1:

(i) Critically explain and analyse the Lewis model of economic development.

(ii) Compare and contrast the neoclassical growth model and the new growth theory.

Question 2:

(i) Show the Malthusian Development Trap.

(ii) Show the link between population growth and poverty.

(iii) Describe why a country's development strategy must include plans for achieving agricultural progress and rural development.


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