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How can the role of government in development be assessed?
Increasingly governments are judged through the outcome of their policies within achieving above average development or meeting UN
Millennium objectives for 2015. As like an example the IMF reports:
• "Sound economic policies" assisted Botswana, Senegal, Cameroon, Tanzania and Botswana to cope along with the global economic dip as well as the weak export prices
• "Unsuitable economic policies and political turmoil" which caused the economy to reduce and inflation to soar into Zimbabwe.
What is good governance? Governance is fundamentally another word for government and is a necessary precondition for development. It is how governments employ their authority
Question 1 Explain the law of diminishing returns. What are its causes and effects? Question 2 Compare perfect and imperfect markets Question 3 A monopolist with a linea
Flexible exchange rate system: A country is linked to other countries through two broad channels: trade flows andfinancial flows. Trade flows pertain to movement of goods and
the basic assumption of the static model
Define the process of setting objectives. What might be objectives for a newly appointed junior programmer? A hierarchy of objectives cascades down through the overall intend o
Does the work of the International Monetary Fund and World Bank overlap? Less developed countries turn to the: • International Monetary Fund to resolve debt repayment, exch
compute the opportunity cost
What are the restrictions of Lewis? The restrictions of Lewis: • Assumes complete employment in urban regions. Evidence recommend otherwise • Raised profits may be inves
QUESTION (a) Explain what factors might determine the level of investment in an economy. (b) ‘If investment increases it will cause an increase in income. If income increase
Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural
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