- In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self-esteem. Is it possible that there could be growth of per capita income without the achievement of these other objectives?
- Make a case that development economics might be merely a combination of all the other subfields of economics, only applied to low-income countries.
- Explain how low levels of living can turn into a vicious cycle in developing countries.
- Explain why purchasing power parity measures of income levels tend to show a smaller difference between poor and rich countries.
- If countries are first ranked by level of real GDP per capita, and then by the value of the Human Development Index, would you expect the ranking of countries to be similar or different? Explain.
- What are the main differences between the linear stages and international dependency modelsof development?
- Describe one important criticism of Rostowâs stages of economic growth theory.
- Why have poor nations invested so much money in education and health? Evaluate the soundness of these reasons.
- Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs.
- Is child labor a problem in developing countries? Explain.
- How can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP?
Sample Solution
countries. An agreement was sanctioned; as per that accord Pakistan will provide 50%, Iran 35% and Turkey 15% shares for the said shipping lines which were decided to be made operational within a short span of a year. (Dawn 16 March 1965). In 1965 both countries Pakistan and Turkey started a program for technical education. Under that program 122 fellowships and scholarships were awarded and 11 experts were exchanged others this six seminars were conducted and five publications were published between two countries. In March 1965 a joint airline project was formerly conceived by the Regional Planning Council and it was decided that not long afterwards the RCD committee on air transport began to establish regular air links and the first RCD flight of Pakistan International Airline (PIA) linking Karachi with Tehran and Istanbul started on November 1966 (Ali, 2001). The RCD shipping services started working on international routes in May 1966 and it directly linked Pakistan and Turkey via sea route and made an everlasting impact on regional trade. On the other side Iran airlines tracked this up by starting a jet service to Europe via Istanbul (Ali, 2001). On July 1967 an RCD joint venture for printing bank notes which was inaugurated in Karachi (Pakistan). That was the first industrial project in which all three RCD countries obligated collaborated. That new factory was subsidized by the Pakistan Security Printing Corporation. This agreement was based on the RCD union for multilateral payments arrangements which was signed in Ankara in April 1967. It was interesting to note that this was a key step toward the expansion of intra-regional trade .The RCD insurance center was established in Karachi to promote a study of measures which could facilitate cooperation in this field. That center published the RCD Insurance Manual in 1967. The three RCD insurance pools functioned effectively and several national companies joined the pools. Z.A Bhuttoâs vision about RCD During 1967 at that time Foreign Minister of Pakistan Mr. Z.A Bhutto pursued to strengthen the cooperation between Pakistan, Iran and turkey through RCD. Bhutto wanted at least one trilateral agreement with Turkey and Iran to have a stronger impact on Pakistanâs security needs. He explicitly called for a ân>
countries. An agreement was sanctioned; as per that accord Pakistan will provide 50%, Iran 35% and Turkey 15% shares for the said shipping lines which were decided to be made operational within a short span of a year. (Dawn 16 March 1965). In 1965 both countries Pakistan and Turkey started a program for technical education. Under that program 122 fellowships and scholarships were awarded and 11 experts were exchanged others this six seminars were conducted and five publications were published between two countries. In March 1965 a joint airline project was formerly conceived by the Regional Planning Council and it was decided that not long afterwards the RCD committee on air transport began to establish regular air links and the first RCD flight of Pakistan International Airline (PIA) linking Karachi with Tehran and Istanbul started on November 1966 (Ali, 2001). The RCD shipping services started working on international routes in May 1966 and it directly linked Pakistan and Turkey via sea route and made an everlasting impact on regional trade. On the other side Iran airlines tracked this up by starting a jet service to Europe via Istanbul (Ali, 2001). On July 1967 an RCD joint venture for printing bank notes which was inaugurated in Karachi (Pakistan). That was the first industrial project in which all three RCD countries obligated collaborated. That new factory was subsidized by the Pakistan Security Printing Corporation. This agreement was based on the RCD union for multilateral payments arrangements which was signed in Ankara in April 1967. It was interesting to note that this was a key step toward the expansion of intra-regional trade .The RCD insurance center was established in Karachi to promote a study of measures which could facilitate cooperation in this field. That center published the RCD Insurance Manual in 1967. The three RCD insurance pools functioned effectively and several national companies joined the pools. Z.A Bhuttoâs vision about RCD During 1967 at that time Foreign Minister of Pakistan Mr. Z.A Bhutto pursued to strengthen the cooperation between Pakistan, Iran and turkey through RCD. Bhutto wanted at least one trilateral agreement with Turkey and Iran to have a stronger impact on Pakistanâs security needs. He explicitly called for a ân>
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