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What is the difference between an essential and adequate condition for growth?
Essential and adequate conditions are helpful analytical and evaluative elements. As like example of:
• When net investments always means an enhance in productive capacity therefore growth then net investments a essential and adequate condition for growth
• When growth leads to an increase into GDP but considerable externalities, depletion of non-renewable resources and worsening income distribution in that case growth does not all the time lead to development. Growth is essential (has to occur) but inadequate (not enough) state for development.
What are the critics of advocates of World Bank in promotion of development? Critics of the World Bank argue: • A one-size-fits all strategy which does not take account
Does aid improve development? Aid improves development as: • Aid is utilized to increase productive capacity and the advantages of resultant growth is extensively spread an
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QUESTION Write short notes on any three (3) of the following: (a) National income and the standard of living. (b) Globalization and its implications for developing countr
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There are two agents, A and B. Both have preferences represented by a von Neumann-Morgenstern utility function u(c s j ) = ln (c s j ), where c s j is consumption of agent j in
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