Answer all the questions described below:
Section A: Long Answer Questions. (Answer in around 500 words each)
Question 1: Critically describe the concept and measurement of modern economic growth. What were the major attitudinal changes related with modern economic epoch?
Question 2: What are the policy options and recommendations for less developed countries according to Rosenstein-Rodan?
Section B: Medium Answer Questions. (Answer in around 250 words each)
Question 3: Why is Rostow’s theory explained as a linear development theory?
Question 4: What do you mean by the term triangular trade? How is it distinct from bilateral trade?
Question 5: What are the preconditions for an Industrial Revolution via capitalist path?
Question 6: Attempt any three of the given:
a) The Tokugawa era.
b) War Communism.
c) Semi-Feudalism.
d) The Economic Ideas of the mercantilists.
e) Gerschenkron’s Prepositions.
Section C: Short Answer Questions. (Answer in around 100 words each)
Question 7: Briefly elucidate the fundamental elements of centralized planning.
Question 8: Describe the following:
a) Indicative Planning.
b) Means of subsistence.
c) Technological dualism.
d) Japanese fascism and German fascism.
e) Imperialism.