11 comment on the following statement the level and

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Precalculus with Limits: A Graphing Approach
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Chapter 2 / Exercise 29
Precalculus with Limits: A Graphing Approach
Larson
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11. Comment on the following statement: The level and growth rate of real GDP per capita can be a misleading indicator of development. At the same time, countries that experience sustained increases in real GDP per capita over time will tend to be more developed. 12. Carefully explain some of the similar problems faced by otherwise diverse countries in Africa, Asia, and Latin America. 13. Describe some of the advantages and disadvantages of each of the following schools: linear stages, structural change, dependence and neoclassical.
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Precalculus with Limits: A Graphing Approach
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Chapter 2 / Exercise 29
Precalculus with Limits: A Graphing Approach
Larson
Expert Verified
14. Describe one important criticism of Rostow’s stages of economic growth theory. 15. Suppose that a developing country devotes extensive resources towards improving the education and skill level of the labor force. How might this help the country avoid a coordination failure? Is this strategy likely to be successful? Why or why not? 16. Dependency theory characterizes countries as being either in the center or on the periphery. Explain these two concepts. If this theory is correct, what are the implications for development strategy? 17. Patterns of development or structural change analysis stress internal change in a developing country’s economic, industrial, and institutional structu//?re. What are some of the most important changes? 18. Show in a diagram an S-curve and a 45-degree line. Are all three points of intersection stable equilibrium points? Explain. 19. According to the HRV growth diagnostic framework why is there no “one size fits all” development policy? 20. Graphically and intuitively explain the existence of a low-level equilibrium in the O-ring theory Answers

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