Examination Paper Examination Session: May/June Year: 2021 Exam Code: ECON3171-WE01 Title: Development Economics Release Date/Time 26th May 09:30 Latest Submission Date/Time 27th May 09:30 Format of Exam Take home exam Duration: 2 Hours Word/Page Limit: 3000 words Additional Material provided: None Expected form of Submission Word Document using template provided or PDF of Handwritten Work. Your uploaded file should be named with your Anonymous Code and the Exam Code e.g Z0123456 ECON3171-WE01 Submission method Turnitin Instructions to Candidates: Answer any TWO questions. ERASMUS/EXCHANGE STUDENTS Answer ONE question. Page 2 of 2 ECON3171-WE01 1. To what extent are improvements in levels of human capital a necessary condition for economic development in poor countries? Critically discuss. 2. Critically discuss how the understanding of the causes of famines has changed over the last 100 years. How can famines in the 21st century be explained? 3. ‘The relationship between inequality, poverty and economic growth is a three-way process: growth, inequality and poverty all impact upon one another’. Explain and discuss this statement with reference to development theories and the experience of developing countries during the last 50 years. 4. Critically examine the Todaro-Harris (1969, 1970) explanation of rural-urban migration based on intersectoral expected income differentials. 5. Critically discuss the extent to which increasing liberalisation of trade can act as an engine of growth for Less Economically Developed Countries (LEDCs) in the same way it acted as an engine of growth for many More Economically Developed Countries (MEDCs). 6. Critically discuss whether long run economic development is possible in the absence of democracy. 7. Can Less Economically Developed Countries (LEDCs) continue to grow without placing restrictions on international labour migration? Critically discuss the costs and benefits of international labour migration for LEDCs. 8. To what extent can foreign aid provide the ‘big push’ needed to break countries out of ‘Poverty Traps’? Critically assess the role of foreign aid in promoting economic development. END
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