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Question 1:
(a) To what extent does the structural change model of Lewis adequately portrays the development phases in most developing countries?
(b) Discuss the principal arguments of the neoclassical counter revolution approach to development.
Question 2:
(a) Critically assess whether education is a source of economic growth and development.
(b) Describe the link between environment and sustainable development.
Question 3:
(a) Discuss the Malthusian population trap.
(b) Briefly explain how poverty and inequality is measured.
(c) Explain the relationship between poverty, inequality and economic growth.
Question 4:
(a) Critically analyse how developing countries stand to gain from foreign direct investment.
(b) Foreign aid: Boon or curse for developing countries? Discuss.
Q. Based on the case study, answer the following question: Can currency boards make low-inflation policies credible? Answer: Currency boards have the power to bring in anti-
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