Assignment
Question 1: What is Kuznets' inverted-U hypothesis? Explain Piketty's criticism of Kuznets' analysis. What are the two mechanisms by which inequality might negatively affect economic growth?
Question 2: Compare and contrast the arguments made by the Rostow's Stages Theory and the Dependency Theory, regarding domestic and international strategies for development.
Question 3: W.A. Lewis' dual economy model dominated the thinking of development economists in the 1950's and 1960's. Describe the key assumptions of the Lewis model and the mechanism by which economic growth was generated within his dual economy framework.
Question 4: Describe the key assumptions of Solow Growth Model and explain the main implications of the model for development policymaking.
Question 5: Explain the basic idea behind the Big Push model. A diagram is not required.
Question 6: What are the strengths and weaknesses of randomized controlled experiments in guiding development policymaking?