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Econ 213: Contemporary Economy Issues Question Paper

Econ 213: Contemporary Economy Issues

Course:Bachelor Of Science In Economics And Mathematics

Institution: Kabarak University question papers

Exam Year:2010

COURSE CODE: ECON 213
COURSE TITLE: CONTEMPORARY ECONOMY ISSUES
STREAM: Y2S1
DAY: WEDNESDAY
TIME: 9.00 – 11.00 A.M
DATE: 15/12/2010

INSTRUCTIONS:
1. Answer question ONE and any other TWO questions.
2. Question one carries thirty (30) marks and all other questions carry twenty(20) marks
each.

QUESTION ONE (compulsory)
(a) Explain both the exogenous and endogenous factors that have contributed to the slow
economic growth in Africa. (10 marks)
(b) Discuss the role of multinational corporations in the process of economic growth and
development of the less developed countries. (10 marks)
(c) Explain why high population growth in a major concerned particularly in the developing
Countries. (10 marks)
QUESTION TWO
(a) Explain the arguments for and against foreign aid in the process of economic growth in less
developed countries. (12 marks)
(b) Define capital formation and explain its source and importance in a country. ( 8 marks)
QUESTION THREE
(a) Explain why Kenya’s import substitution industrialization strategy did not succeed in
achieving its objectives. (12 marks)
(b) Describe the major problems faced based by the agricultural sector in Kenya. (8 marks)
QUESTION FOUR
Define and explain the following concepts as applied in economics
(a) Economic globalization (4 marks)
(b) Economic integration (4 marks)
(c) Infant industries (4 marks)
(d) Transfer pricing (4 marks)
(e) Vicious circle of poverty (4 marks)
QUESTION FIVE
(a) “It is argued that the economic growth and development of a developing country is greatly
influenced by its position in relation to its international economic interaction”. Discuss this
statement. (14 marks)
(b) Describe the factors that influence the country’s productive capacity. (6 marks)

Econ 213: Contemporary Economy Issues Question Paper

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