Problem1. One of the major themes of study of the political economy of growth is the relationship between democracy and growth. Three schools of thought have worked on such relationship, namely: the Conflict School; the Compatibility School; and Sceptical School.
Explain and make a distinction between the three schools.
Problem2. Many studies cited the Mauritian experience of growth and development as an economic miracle. The island had successfully shifted from a sugar based economy to an industrialised and service based economy. Presently, Mauritius is in the upper middle income league of countries.
Clearly explain two major reasons with explanations as to what have led to the Mauritian miracle.