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Is migration a problem?
Huge scale rural-to-urban migration places a strain onto city economic systems. As like some examples of:
• There is inadequate demand for labour to absorb recently arrived workers.
• Squatter arrangements and over-crowded slums strain the capacity of government to give fundamental services as like water, sewerage and electricity.
• The environment, social cohesion, natural resources and individual rights are at risk.
Advantages Cities can speed up social transformation, opening recent avenues for human development for example greater access to schooling, family planning fair wages Implications:
• Enhance job opportunities into rural areas.
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What are Rostowís policy implications? • LDCs (Less Developed Countries) require aid. The development procedure can stall at the Take Off stage for be short of savings. 15
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Explain the state intervention approaches for promoting development. State intervention can result within: • Large bureaucracies staffed through friends and relatives of the
QUESTION Explain the meaning of classical dichotomy, neutrality of money and Walras law. b. "In a Walrasian general equilibrium model with money as a unit of account, only r
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