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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 to 20 percent of GDP needs. When savings = 5 percent then aid/loan = 10 to 15 percent plugs savings spaces. Resultant investment shifts the country to stage four as well as self-generate economic growth.
The Harrod-Domar model describes the economic mechanism by that high investment leads to elevated growth.
How is effort monitored onto a project? It is significant that the effort to be spent onto activities is reassessed on a regular basis – why is it so very important? Effort is
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QUESTION 1 Critically examine alternative theories of money demand and specify a demand for money equation for Mauritius. QUESTION 2 Discuss the macroeconomic and micro
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DEVELOPMENT THROUGH RESOURCE TRANSFER is explained below The chief idea here was that (as mentioned previous) poor countries suffered from the savings and foreign exchange gaps
Explain critics of the International Monetary Fund argue. Critics of the International Monetary Fund (IMF) argue: • The IMF is suffering through mission creep and requiremen
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What are Rostowís limitations? • Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies • LDCs are very same but very dif
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