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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.
Peak Inc. needs to order Canadian raw materials to use in its production process. The Canadian exporter typically invoices Peak in Canadian dollars. Assume that the current exchang
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