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Mei 506 Development Economics Question Paper

Mei 506 Development Economics

Course:Master Of Business Administration In Corporate Management

Institution: Kca University question papers

Exam Year:2014

UNIVERSITY EXAMINATIONS: 2013/2014
EXAMINATION FOR THE MASTERS OF BUSINESS ADMINISTRATION
(MBA) CORPORATE MANAGEMENT
MEI 506 DEVELOPMENT ECONOMICS
KITENGELA CAMPUS
DATE: AUGUST, 2014
TIME: 3 HOURS
INSTRUCTIONS: Answer Question One and Any Other Three Questions
QUESTION ONE (31 MARKS)
a)
Discuss the three basic components or core values that serve as a conceptual basis and practical
guideline for understanding the meaning of development.
b)
(9 Marks)
Development planning has not been very effective in helping developing countries achieve
rapid development. Explain why government failure may be worse than the market failure it is
aimed at alleviating.
c)
(10 Marks)
Carefully show how Amartya Sen’s “Capability” approach explains the difference between
growth and development.
(12 Marks)
QUESTION TWO (23 MARKS)
a) Identify the millennium development goals and their targets
(16 Marks)
b) Briefly discuss how millennium development goals are a better measure of development.
(7 Marks)
QUESTION THREE (23 MARKS)
Discuss eight main features that distinguish developing countries from developed countries.
(23 Marks)
1
QUESTION FOUR (23 MARKS)
(a)
Identify areas in which less developed countries have weak socio-cultural-economic and legal
institutions.
(b)
(10 Marks)
Critically evaluate how the lack of strong institutions plays an important role in preventing the
achievement of economic development in less developed countries.
(13 Marks)
QUESTION FIVE (23 MARKS)
a) Explain the four classic post–World War II models of economic development
b) What is their relevance to an understanding of economic development in Kenya since
independence
(18 Marks)
(5 Marks)
QUESTION SIX (23 MARKS)
a)
Critically explain how China has been able to achieve very high levels of Development in the
last thirty years
b)
(15 Marks)
Why is it difficult for African Countries to emulate this pace of development? (8 Marks)
2

Mei 506 Development Economics Question Paper

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