PART B: .

Instructions: For each of the 4 subsections of respective questions, in one page for each subsection, respond to the following perspectives about economic development.

Question 2: Economic Development: A Global Perspective

a) What is economic development about?

b) What is the meaning and implications of the phrase "How the other half lives)?

c) With reference to literature what could be the causes of the "other half" problem?

d) Make strong arguments on the most appropriate way to solve this "other half" problem.

Question 3: Classic Theories of Economic Growth and Development

a) Describe and discuss the economic development models of structural change.

b) Describe and explain the economic development models of international dependence revolution.

c) Describe and explain the economic development models of Market Fundamentalism in Neoclassical Counterrevolution.

d) Make strong arguments on which would be most appropriate.

Question 4: Contemporary Models of Development and Underdevelopment

a) What is the concept of "Big Push" all about?

b) What is the concept of "Economic Development as Self-Discovery" about?

c) What is the "Hausmann-Rodrik-Velasco Growth Diagnostics Framework" about?

d) Make strong arguments on which would be most appropriate.