QUESTION 1 IS COMPULSORY

1. Clearly identify and critically evaluate the key barriers to economic growth in a developing country of your choice. Explain your answer with relevant theory and evidence.

SECTION 2:

Choose ONE question out of the SIX questions provided:

1. In a review of constraints on the adoption of technologies in developing countries, Kelsey (2013) highlights several market imperfections constraining agricultural technology adoption. Briefly summarize the identified imperfections. Discuss three imperfections with reference to your chosen country or the identified barriers. Explain your answer with clear links to economic theory, relevant examples and evidence from the chosen country.

2. Identify and discuss four types of regional integration arrangements and their underlying economic rationale. With reference to your chosen country, discuss which of these may be most relevant for addressing the identified barriers in Section 1. Explain your answer with clear links to economic theory, relevant examples and evidence from the chosen country.

1. Briefly describe Acemoglu et al’s theory on the link between colonialism, institutions and economic development. What is the role of institutions in economic growth? Discuss which types of institutions are most relevant for addressing the barriers identified in Section 1. Explain your answer with clear links to economic theory, relevant examples and evidence from the country.

1. Summarise three different models of export-led growth. Discuss one of these models with reference to your chosen country, and evaluate whether this export-led strategy has affected exports or economic growth in the developing country. Support your answer with reference to the barriers identified in Section 1 above, making links to economic theory, relevant examples and evidence from the chosen country.

1. Summarise the main economic arguments for and against foreign direct investment in developing countries. With reference to your chosen country, discuss how FDI may contribute to addressing the barriers identified in Section 1 above and the expected constraints. Support your answer with links to economic theory, relevant examples and evidence from the country.

6. With reference to the so-called ‘resource curse’ and evidence from the chosen country, discuss the implications of the high dependence on extractive industries in your chosen developing country. Support your answer with links to economic theory, relevant examples and evidence from the chosen country.