OROMIA STATE UNIVERSITY, COLLEGE OF DEVELOPMENT STUDIES

Department of Economics
Development Economics: Group assignment (Form a group of 6 members)

 Work out the entire questions with your group,

 Be sure that all members are participated actively,
 Copying from each other is strictly forbidden
 Submission date: 21/5/2016 E.C
1. Explain why neoclassical (Solow Growth model) suggests that without technological
progress continuous growth of per capita income is not possible.
2. Some people claim that international dualism and domestic dualism are merely different
manifestations of the same phenomenon. What do you think they mean by this, and is it a
valid conceptualization? Explain your answer.
3. What is meant by the term neoclassical counterrevolution? What are its principal
arguments, and how valid do you think they are? Explain your answer.
4. Given the diversity of developing countries, do you think that there could ever be a
single, unified theory of development? Explain your answer.
5. Is the neoclassical, free-market theory necessarily incompatible with dependence theory?
How might these two approaches work together?
6. What is Kuznets’s inverted -U hypothesis?
7. What is absolute poverty & income inequality?
8. What’s So Bad about Extreme Inequality?
9. What kinds of policies are required to reduce the magnitude and extent of income
inequality?
10. The position of developing countries today is in many important ways significantly
different from that of the currently developed countries when they embarked on their era
of modern economic growth. Based on initial conditions in developing countries
formulating strategies & policies that generates and sustain economic growth in
developing countries through.Are living standards converging?