Economic Growth and Development-Theories of Economic Development (IEcoS (Economic Services) Economics Paper-2): Questions 1 - 7 of 7

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Question number: 1

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2018

Essay Question▾

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Discuss W. W. Rostow’s stages theory of economic development.

Explanation

Professor W. W. Rostow has sought an historical approach to the process of economic development. He refers to five stages of economic growth:

Image of the Rostows MOdel of Development

Image of the Rostow’S MOdel of Development

Image of the Rostow’s MOdel of Development

  • Traditional society: According to him, the structure of the traditional society was based on primitive technology a

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Question number: 2

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2016

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What is Marxian theory of Alienation?

Explanation

  • Marx’s theory of alienation is borrowed from Hegel’s idea of alienation. Marx alienation is related to the real existing objects and can be overcome in the real sphere of object-related activity.

    • Alienation has three dimensions:

      • Man’s alienation from nature

      • Alienation from humanity or fellow workers

      • Alienation from himself

    • Al

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Question number: 3

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2016

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Explain the Ranis Fei model of economic development. How does it improve upon the Lewis model of development?

Explanation

  • In Lewis model, an economy transits from the labour surplus stage to the labour scarce stage of development.

    • Later Fei and Ranis formalized the Lewis theory and defined 3 phases of dualistic economic development by sub dividing the first stage in the Lewis model into two phases.

    • Thus, the second labour scarce stage of Lewis model corres

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Question number: 4

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2017

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Discuss the main tenets of the theory of underdeve1opment as propounded by dependency school.

Explanation

  • Dependency theory evolved around 1950 as a reaction to some of the earlier theories of development.

    • Dependency theory was popular in the 1960s and 1970s as a criticism of modernization theory.

    • The main profounder of dependency theory are: Prebisch, Singer, Gunnar Myrdal, A Gander Frank and Bill Warren. Many of these scholars focused the

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Question number: 5

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2015

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Mention five stages of Rostow’s Growth theory?

Explanation

  • Professor W. W. Rostow has sought an historical approach to the process of economic development.

    • He refers to five stages of economic growth:

    • Traditional society: According to him, the structure of the traditional society was based on primitive technology and orthodox ideas of the people.

      • The modern facilities of science and technolo

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Question number: 6

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2016

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Describe Quesnay’s Tableau economies. What effect did it have on modern economic thought?

Explanation

After discovering the source of wealth, the physio rats turned to the problem of how wealth produced by the agriculturalists gets circulated among the different classes of the society.

  • The idea was given by a famous physio rat Quesnay through tableau economies.

  • He was a doctor and applied his biological knowledge to the economy and compar

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Question number: 7

» Economic Growth and Development » Theories of Economic Development

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Appeared in Year: 2010

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State the stages of economic growth in Rostow’s model.

Explanation

Professor W. W. Rostow has sought an historical approach to the process of economic development.

He refers to five stages of economic growth:

  • Traditional society: According to him, the structure of the traditional society was based on primitive technology and orthodox ideas of the people.

    • The modern facilities of science and technology w

… (653 more words) …

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