Question: Your responses should be well-structured (minimum 500 words per question), drawing from the assigned readings and videos. Question 1: Defining Development and Economic Growth Weeks
Your responses should be well-structured (minimum 500 words per question), drawing from the assigned readings and videos. Question 1: Defining Development and Economic Growth Weeks Covered: Week 1 & Week 2 Economic development and economic growth are often used interchangeably, yet they represent distinct concepts. (a) Using Amartya Sen's framework, explain how development is more than just an increase in GDP. What alternative measures exist to evaluate development? (b) Ha-Joon Chang argues in Kicking Away the Ladder that industrialized nations historically used protectionist policies to develop, yet they now advocate for free-market policies in developing nations. Discuss how these policies shaped economic growth in countries like the United States or the United Kingdom. (c) Considering the role of both state intervention and free markets, what strategies do you think are most effective for developing nations today? Support your answer with historical or contemporary examples
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