(a) Critically asses the differentiation between economic growth and economic development.
(b) Describe the definition of economic development as a multidimensional procedure involving major changes in every aspect of a society.
(c) Describe the costs and benefits of being a small and remote island economy.
(d) Describe the role that the importance of capital formation in determining growth outcomes.
Poverty reduction is usually affected by changes in average income and income redistribution. However, in practice it is hard to adjust to the right balance between pro-growth and pro-distribution policies for alleviation of poverty.
describe the above statement.
(a) describe the problems that are associated with developing countries.
(b) Based on your answer in part (a), which of these problems are more significant for Mauritius. Justify your answer using exs.
(a) Describe the relationship between democracy and economic growth.
(b) What are the causes and consequences of market failures?
In a world ruled by economics, production has dominated reproduction, the monetary characteristics of life have dominated the non-monetary aspects and men have dominated women.
Marie-Dominique de Suremain (1993)
To what extent do you agree with the above statement.