18. Describe some of the advantages and disadvantages, obstacles and constraints, conclusions and implications, as well as criticisms of each of the following schools: linear stages, structural change, dependence, and neoclassical.Discussed in detail in the chapter and in the comparative case study at the end of the chapter.19. What are the key assumptions of the Lewis model that give rise to its conclusions? How would the theory’s conclusions differ if these assumptions do not hold?
20. Discuss the similarities and differences between South Korea and Argentina with regards to the different schools of thought presented in the case study at the end of the chapter.
21. What is meant by the term technological spillover?
22. Explain what is meant by the term coordination failure and provide an example.
23. Show in a diagram an S-curve and a 45-degree line. Are all three points of intersection stable equilibrium points? Explain.Explained in the text.24. Explain how the S-curve reflects the typical nature of complementarities?See pages 160-161 for a good explanation.25. Explain how the government can help the economy avoid a coordination failure.Discussed in the chapter.26. Explain the basic idea behind the Big Push model?Discussed in the chapter.27. Is it possible for a super-entrepreneur to solve all of the coordination failure problems withina developing economy? Why and why not?Discussed in the chapter.