ECO. 361 Online Quiz/Discussion-20/1/2023 (Developing Country Issues)
1. Two nations whose social and economic systems were sharply opposed-China and India-played a major role in promoting the political emergence of the third world countries and in changing the relation between the third world and the industrial countries, capitalist and Communist.
2. Traditionally, Developing countries are defined according to their Gross National Income (GNI) per capita per year. However, the United Nations, World Bank and other Bretton Woods Institutions have developed many other criteria and indicators for measuring development and under development.
3. Clearly discuss and analyse the Common Characteristics of Developing Nations.
4. It has been argued that poverty has the face of a woman. As a budding Economist, clearly discuss and analyse this statement. Do you agree or disagree? If yes, why? If you no?