State & explain Lewis Two-Sector Theory/Model of Economic Development - its assumptions, its two sectors, and how economic development is achieved.
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State & explain Lewis Two-Sector Theory/Model of Economic Development - its assumptions, its two sectors, and how economic development is achieved.
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- 1. Compare developing countries & developed countries in terms of incomes, employment, and population growth 2. i. State & explain Lewis Two-Sector Theory/Model of Economic Development - its assumptions, its two sectors, and how economic development is achieved. ii. What is the criticism of Lewis model?A. EXPLAIN BRIEFLY THE FOUR APPROACHES TO ECONOMIC DEVELOPMENT.B. WHICH OF THE DIFFERENT THEORIES OR APPROACHES THAT BEST DESCRIBETHE ECONOMIC SITUATION OF THE DEVELOPING NATIONS? EXPLAIN YOURANSWER.C. DISTINGUISH BETWEEN THE NEO-CLASSICAL, FREE-MARKET THEORY WITHDEPENDENCY THEORY?D. WHAT IS THE ROLE OF PUBLIC INVESTMENT AS A DEVELOPMENT STRATEGY?E. DISCUSS HOW THE “STAGES OF GROWTH FRAMEWORK EXPLAINS ECONOMICSTRUCTURAL CHANGE.1. Analyze contemporary issues affecting economic development in Trinidad and Tobago re Natural Disasters. 2. Develop strategies to research and access relevant information from a variety of sources. 3. Use data to analyze the levels of economic development across countries. 4. Use calculated measurement indicators to measure the performance of Caribbean economies. 5. Apply a researched theoretical framework, on economic development, to the context of a given Caribbean country.
- Economic development must be analyzed by the overall social system like cultural traditions, attitude and security. a. True b. False1) come up with your own definition of economic development, How should it be measured?A. Differentiate between “economic growth” and “economic development B. Explain THREE (3) factors that contributed to the decline in GDP of some of the countries in the Caribbean region during 2020. C. Discuss THREE (3) strategies that may be used by Caribbean governments to achieve economic growth and development.
- How is Schumpeter Theory of Economic Development promote businesses to perform better? discussWhatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your idea How can humanity possibly find a balance between economic growth and social justice?Which statements are TRUE? A. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries. B. Improving hard and soft infrastructure increase investments and trade of a nation. C. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector. D. O- Ring Model posits that there are no small tasks in the development process of nations.
- 1. what are the main contribution of the industrial revolution to economic dvelopment. 2. why are the low standard of living, high population growth rate, and high rates of unemployment are prominent characteristics of developing countries that are present in the Philippines.1. The objective of economic development is to raise the levels of living, it meansa. provide additional income, provision for more jobs and greater attention to cultural values.b. widen the distribution of food, shelter, health, and security.c. expand the range of economic and social choices. 2. Modernizing values of developed nations, many societies in developing countries suffer from serious cultural confusion when did come in contact with technologically advanced societies. What role and core values of Economic development?a. sustenanceb. self-esteemc. freedom from servtitude1.Why is economics central to an understanding of the problems of development?