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Development Theory And Strategy Question Paper

Development Theory And Strategy

Course:Master Of Economics

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF MASTER OF
ECONOMICS
EET 504: DEVELOPMENT THEORY AND STRATEGY

DATE: FRIDAY, 4TH DECEMBER 2009 TIME: 9.00 A.M. – 12.00 P.M.

INSTRUCTIONS: Answer four questions only. All questions carry equal marks.

1.
(a)
“Poverty is both a cause and consequence of underdevelopment.”
Discuss.

(5
marks)

(b)
More than 50 years after independence in most of the African countries,
colonialists
are
still
blamed for their under development. Discuss. (4 marks)

(c)
Apart from poverty, explain other factors that have played role in the

underdevelopment of developing countries.

(8 1 marks)
2

2.
(a)
“If less developed countries have to develop, the surplus labor in rural

areas should be moved to urban centers.” Discuss this statement by

highlighting the main arguments of Lewis model.

(10 marks)

(b)
Critically examine the doctrine of balanced growth as put forward by
Rosenstein-Rodan
and
Nurkse.

(7 1 marks)
2

3. (a) Given
that

Y = F(K, L) and K
? = sY - dK , derive and explain the two basic equations

of Solow model.

(4 marks)

(b)
Using diagrams explain the steady state in the Solow model and what

happens to this state when savings rate and population growth changes. (9 marks)

(c)
Giving examples, explain the difference between capital deepening and

capital widening and how they relate to economic growth and development.

(4 1 marks)
2
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4.
(a)
“Women are more likely to be poor in less developed countries.” Explain

(5 marks)

(b)
Explain various ways in which poverty in the society can be measured.

(7 1 marks)
2

(c)
Explain whether the Kuznet curve is applicable in your country.
(5 marks)

5.
Using diagram(s) and basing your argument on the Harris Todaro model,

(i)
Show and explain the importance of informal sector in ensuring

equilibrium in the economy.

(5 marks)

(ii)
Explain the paradox of urban job creation.

(6 marks)

(iii)
Explain the main policy that can be adopted to remove or reduce the

informal sector.

(6 1 marks)
2

6.
“International Trade can lead to growth and development.” Discuss this

statement in the context of developing countries.

(17 1 marks)
2

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Development Theory And Strategy Question Paper

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