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what is the capital-output ratio capital-output ratiothis ratio k is the amount of capital required to produce pound1 of gross domestic product
how does colonial background influence the development processcolonial experience influencesbull language for example the official language of us is
what are rostowiacutes policy implications bull ldcs less developed countries require aidthe development procedure can stall at the take off stage
what is the marshal planmarshal planthe marshal plan noticed massive aid to post war europe that led to quick recovery that marshal aid helped but
what are rostowiacutes limitations bull presently ldcs face much various conditions than dcs into the 19th century the origin of rostowiacutes
what are rostowiacutes assumptions assumptions of rostowiacutesbull economic development procedure is universal which is all countries whether within
what does rostow predict for rostow bull savings and capital accumulation formation are central to the procedure of growth therefore developmentbull
what is rostowiacutes model rostowiacutes stages of growth model argues to attain modernity all countries pass through similar stages of development
what are the limitations of comparative advantagelimitations of comparative advantageinternational trade needs wide specialisation this can have
how can be comparative advantage improvedcomparative advantage can be gained or improved throughbull investment during the education and also in
can comparative benefit change over time comparative benefit is a dynamic concept a country can obtain or lose comparative advantage overtime when
how does the exchange rate influence the benefits of trademutually beneficial international trade arises specified the exchange ratios lie among the
what is the difference between absolute and comparative advantage difference between absolute and comparative advantagebull absolute advantage arises
why do countries trade international trade is the swap of goods and services among countries trade enhances consumer choice and complete
what are the characteristics of developed countries applied to less developed countriessome of kuznets characteristics of a dc developed countries
what are the characteristics of growth in developed countries simon kuznets specified some characteristics for all dcs developed countries as
what is the difference between an essential and adequate condition for growth essential and adequate conditions are helpful analytical and evaluative
what are the limits of development theories theories are generalisationsbull when ldcs share similarities each country is unique economic cultural
what is economic development theory economic development theories and models seek to describe and predict how thebull economies may develop or not
explain about theories and models linked to developmentbull there is no one agreed theory of development all models as rostow provide an insight in
what are colonial background countries of the development process a colony is a country controlled by other various european countries had extensive
what is poor governancein countries along with poor governancebull the rule of law has not working for example civil war and areas run by war
what is good governance governance is fundamentally another word for government and is a necessary precondition for development it is how governments
how is the social capital measuredmeasurement of the socilal capitalsocial capital is a latest multidimensional qualitative idea which is problematic
what is social exclusion social exclusionsocial exclusion arises while people are denied access to goods opportunities taken as normal in a society