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Answer all the problems described below:

Section A: Long Answer problems. (Answer in around 500 words each)

problem 1: Critically describe the concept and measurement of modern economic growth. What were the major attitudinal changes related with modern economic epoch?

problem 2: What are the policy options and recommendations for less developed countries according to Rosenstein-Rodan?

Section B: Medium Answer problems. (Answer in around 250 words each)

problem 3: Why is Rostow’s theory describeed as a linear development theory?

problem 4: What do you mean by the term triangular trade? How is it distinct from bilateral trade?

problem 5: What are the preconditions for an Industrial Revolution via capitalist path?

problem 6: Attempt any three of the given:

a) The Tokugawa era.
b) War Communism.
c) Semi-Feudalism.
d) The Economic Ideas of the mercantilists.
e) Gerschenkron’s Prepositions.

Section C: Short Answer problems. (Answer in around 100 words each)

problem 7: Briefly elucidate the fundamental elements of centralized planning.

problem 8: Describe the following:

a) Indicative Planning. 
b) Means of subsistence.
c) Technological dualism.
d) Japanese fascism and German fascism.
e) Imperialism.

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