Economic Development And Planning(Buss 210) Question Paper

Economic Development And Planning(Buss 210)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1
a) The agricultural sector has been described as the key sector in the Kenya economic development. Briefly explain the role that sector plays in economic development of a country. (10marks)
b) What are the main economic problems that affect countries which mainly rely on agriculture? (10marks)
c) Suggest specific measures that may be taken to minimize such problems in (b) above. (10 marks)

Question 2
a) Outline six merits and six demerits of private foreign investment for developing (12marks)
b) Explain any four economic factors that determine the growth of an economy, especially a developing economy (8 marks)

Question 3
a) Briefly explain the characteristics of an underdeveloped country. (10 marks)
b) Explain the three major strategies of economic development that have been proposed over the last 40 years by economists. (6 marks)
c) Differentiate between economic growth and economic development. (4 marks)

Question 4
a) Examine briefly the need for development planning to a developing economy like Kenya. (8 marks) b) Briefly examine the Malthusian Theory of Economic Development and examine its relevancy to a country like Kenya. (12 marks)

Question 5
a) Define the term sustainable development and examine any six policies for sustainable development (8 marks)
b) Examine briefly the role that multinational corporations have played in the development process of developing countries. (8 marks)
c) Differentiate between economic integration and globalization. (4marks)

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