politics of development 2

Question 1

emphasizes the crucial role that saving and investment play in promoting sustainable long-run growth

Answer 1

linear-stages model

Question 2

underlines the importance of transfers of resources from low-productivity to high-productivity activities in the process of economic development;

Answer 2

model of structural change

Question 3

attempts to analyze the many linkages between traditional agriculture and modern industry: case in China

Answer 3

model of structural change

Question 4

underdevelopment is seen as an externally induces phenomenon

Answer 4

international-dependence

Question 5

the existence of underdevelopment in a highly unequal international capitalist system dominated by unequal power relationships between rich-country-poor country, the center and the periphery

Answer 5

international-dependence

Question 6

underdevelopment results from poor resource allocation due to incorrect pricing policies and too many state intervention by overly developing gov’t

Answer 6

neoclassical economic theory

Question 7

development as synonymous with rapid, aggregate economic growth

Answer 7

development as growth and the linear-stages theories: Rostow and Harrod -Domar

Question 8

viewed as the process of development as a series of successive stages of economic growth through which all countries must pass (from traditional to high mass consumption society)

Answer 8

development as growth and the linear-stages theories: Rostow and Harrod -Domar