Question 1:
a) Explain the factors which contributed to the adoption of structural adjustment program by a majority of Least Developed Countries in the year 1980s?
b) Explain the common set of problems which developing countries generally face.
c) Critically assess whether education is a source of economic growth and development.
Question 2:
a) Describe the different forms that foreign aid might take.
b) Does foreign aid lead to economic growth? Describe.
Question 3:
a) Differentiate between economic growth and economic development.
b) Describe why development should be conceived as a multidimensional process involving main changes in every aspect of a society.
Question 4:
a) Describe the meaning of poverty. In brief describe how poverty is measured?
b) Clearly describe the relationship between Poverty, Inequality and Economic Growth.
Question 5: By using illustrations of Least Developed Countries, describe the causes and effects of market failures.