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Development Economics And Planning(Buss 210) Question Paper

Development Economics And Planning(Buss 210)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1
a) Examine the need for Economic Planning in Kenya. (8 marks)
b) Define international economic integration and explain any SIX benefits of economic integration to any underdeveloped economy. (12 marks)
c) Explain THREE non-economic factors that determine the growth of any economy, especially a developing economy. (6 marks)
d) Distinguish between economic growth and economic development using very clear examples (4 marks)

Question 2
a) Discuss briefly any SIX obstacles to economic development among the underdeveloped countries and explain their respective solutions. (12 marks)
b) Explain any EIGHT requisites that are required for the formulation and successful implementation of development plans (8 marks)

Question 3
a) Identify and explain any FIVE causes of the low rate capital formation in underdeveloped countries (10 marks)
b) Briefly examine the role of agriculture as a tool for economic development for developing economies (10 marks)

Question 4
a) Briefly examine the Schumpeter’s Theory of economic development and examine its applicability to a country like Kenya (12 marks) b) Outline any FOUR challenges facing foreign private investment in Kenya and suggest their respective solutions (8 marks)

Question 5
a) Define the term globalization and explain any FIVE factors that have contributed towards the emergency of globalization (10 marks)
b) Highlight both the negative and positive effects of the presence of MNCs in developing countries (10 marks)

Development Economics And Planning(Buss 210) Question Paper

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