DEVELOPMENT ECONOMICS: STATE THE SYNTHESIS OF GROWTH AND
ECONOMIC DEVELOPMENT: CONCEPTS, THEORIES, SIGNIFICANCE, OPERATIONAL
RELEVANCE, STRENGHTS...
DEVELOPMENT ECONOMICS: STATE THE SYNTHESIS OF GROWTH AND
ECONOMIC DEVELOPMENT: CONCEPTS, THEORIES, SIGNIFICANCE, OPERATIONAL
RELEVANCE, STRENGHTS AND WEAKNESSES AND INSTRUMENTS OF
MEASUREMENT
Canada and Indonesia both use economic theories. Some theories
may include theories of economic development/growth and
international theories. Please STATE which economic theories both
countries use and how they use them.
Briefly discuss each of the following Structuralist Theories of
economic development.
The Rostow Stages of Growth Theory (List the stages and the
development characteristics of each stage in your discussion.)
The Balanced and Unbalanced Growth Theory
The Dependency Theory of Economic Development
The Lewis Dual-Sector Model of Economic Development
b. How do the above theories differ from the Classical and
Keynesian theories?
Define each of the following terms and
concepts and explain their significance in the
economics of natural resources. In your discussion of each
term/concept, give relevant examples.
[3 marks] Total willingness to pay
[3 marks] Net present value
[3 marks] Social costs
[3 marks] Efficiency
[3 marks] Private good
[3 marks] Market failure
[3 marks] Discounting
Define each of the following terms and concepts and explain
their significance in the economics of natural resources. In your
discussion of each term/concept, give relevant examples.
a. [3 marks] Natural resource rents
b. [3 marks] Public good
c. [3 marks] intertemporal efficiency
d. [3 marks] Nonrenewable resources
e. [3 marks] Maximum sustainable yield
f. [3 marks] Incentive-based policies
'Development is the development of man, it is human being
centered'. Economic development is economic growth plus positive
changes in the factors or indicators of well being of the
masses.
Explain economic growth and examine or discuss some of the
factors or indicators of which positive changes will bring about
economic growth and lead to economic development.
Hints- examples of the factors or indicators include: physical
capital per worker, human capital per worker, natural resources per
worker, technological knowledge, savings...
'Development is the development of man, it is human being
centered'. Economic development is economic growth plus positive
changes in the factors or indicators of well being of the masses.
Explain economic growth and examine or discuss some of the factors
or indicators of which positive changes will bring about economic
growth and lead to economic development. Hints- examples of the
factors or indicators include: physical capital per worker, human
capital per worker, natural resources per worker, technological
knowledge, savings...
'Development is the development of man, it is human being
centered'.
Economic development is economic growth plus positive changes in
the factors or indicators of well being of the masses. Explain
economic growth and examine or discuss some of the factors or
indicators of which positive changes will bring about economic
growth and lead to economic development.
Hints- examples of the factors or indicators include: physical
capital per worker, human capital per worker, natural resources per
worker, technological knowledge, savings...
Discuss the significance of professional development, or
lifelong learning, and its relevance in caring for diverse
populations across the life span and within the health‐illness
continuum