ECO. 361 Online Discussion/Quiz–19-12-2022 (Understanding the fundamentals of Development)
- According to Prof. Michael Todaro, the three objectives of Development include,Producing more life sustaining necessities such as food shelter & health care and broadening their distribution, praising standards of living and individual self esteem, and expanding economic and social choice and reducing fear. Discuss elaborately
- Measuring Development is a tedious process and many development agencies have tried to develop indicators to measure development accurately. Against, this background, clearly discuss the set of indices developed by the UN and other global agencies on how to measure development.
- Development economics emerged as a branch of economics because:Economists after World War II become concerned about the low standard of living in so many countries of Latin America, Africa, and Asia. Discuss the \
- Many folks study Development Economics for many reasons. Discuss
- The French demographer Alfred Sauvy coined the expression (“tiers monde” in French) in 1952 by analogy with the “third estate,” (the commoners of France before and during the French Revolution)-as opposed to priests and nobles, comprising the first and second estates respectively. Like the third estate, wrote Sauvy, the third world is nothing, and it “wants to be something.”. Clearly discuss and analyse this assertion in details.
