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Econ 219: Economic Development Question Paper

Econ 219: Economic Development

Course:Bachelor Of Science In Economics And Mathematics

Institution: Kabarak University question papers

Exam Year:2010

INSTRUCTIONS:
Answer Question ONE and Any other TWO other questions

1. i. Distinguish between economic development and economic growth. (3mks)

ii. Explain the reasons why the data on per capita national incomes in underdeveloped countries
and their comparison with the per capita incomes of advanced countries are often inaccurate,
misleading and unreliable. (10mks)

iii. Discuss the characteristics of developing countries. (12mks)

iv. Critically consider Adam Smith’s theory of development. (5mks)

2.a) i. What do you understand by the term sustainable development? (4mks)

ii. Identify the objectives of sustainable development. (2mks)

iii. Distinguish between the concepts of strong sustainability and weak sustainability.
(4mks)

b) Explain the environmental problems facing the less developed countries. (10mks)

3. a) “The vicious circles of poverty stems from the fact that in underdeveloped countries
total productivity is low due to deficiency of capital, market imperfections, economic
backwardness and underdevelopment”. Discuss. (10mks)

b) Discuss the different criteria of underdevelopment (10mks)

4. a) Explain the economic factors of economic growth. (8mks)

b) Discuss the characteristics of modern economic growth as pointed out by Kuznets.
(12mks)
5. a) Explain the five stages of economic growth as pointed out by Rostow. (10mks)

b) Explain the difference between the Marxian and the Rostowian theories of economic
development. (8mks)

c) Explain clearly the Ricardian process of capital accumulation for economic
development. (2mks)

Econ 219: Economic Development Question Paper

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