1.
(a)
“Poverty is both a cause and consequence of underdevelopment.”
Discuss.(5marks)
(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 1/2 marks)
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 1/2 marks)
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 1/2 marks)
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