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Econ 303 : Economic Development 1 Question Paper

Econ 303 : Economic Development 1

Course:Bachelor Of Education

Institution: Egerton University question papers

Exam Year:2016

UNIVERSITY EXAMINATIONS
REGULAR-NJORO CAMPUS

THIRD YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF ARTS GENERAL AND
BACHELOR OF ECONOMICS AND STATISTICS
ECON 303:ECONOMIC DEVELOPMENT 1 TIME: 2HRS
STREAM:BA GENERAL, BSC ECONOMICS & STATISTICS
EXAMINATION SESSION:DECEMBER YEAR: 2016

INSTRUCTIONS
a) Answer question ONE and any other two questions
b) Do not write on the question paper
c) show your working and diagrams correctly

QUESTION ONE (30 MARKS)
a) Discuss clearly the following statements.
i. “A country is poor because it is poor” (4 marks)
ii. “Stationary state arrives in the economy when profit reach zero” (4 marks)
iii. “Climate and Geography are the obstacles to economic growth and development in Sub-Saharan Africa.” (4 marks)
b) Since agriculture is the main sector in Kenya’s economy, then it has to be developed as the launching pad for industrialization and eventual economic development of the economy. Discuss this statement within the context of unbalanced and balanced growth model.
(10 marks)
c) Alluding to the Harrod-Domar model, give reasons why developing countries have been unable to initiate fast growth in their economies. (8 marks)

QUESTION TWO ( 20 MARKS)
a) The economic Structural Adjustment Programmes have been described as “economic policy intervention without a human phase.” Discuss. (10 marks)
b) With reference to Rostow’s arguments, justify the fact that economic development is a process. (10 marks)
QUESTION THREE ( 20 MARKS)
a) What is meant by the warranted rate growth? (2 marks)
b) Are the observations of Social Dualism Theory of Boeke on the Indonesian economy applicable in Kenya? Explain clearly. (10 marks)
c) Describe the limitations of Big Push Theory in developing counties. (8 marks)
QUESTION FOUR( 20 MARKS)
a) It is really possible for Kenya to borrow from experience of the Newly Industrialized Countries and succeed? (10 marks)
b) Explain the Lewesian Theory of unlimited supply of labour. To what extent is it applicable to problems of developing counties? (10 marks)
QUESTION FIVE( 20 MARKS)
a) Developing countries have expressed their dissatisfaction over the Breton Wood system and instead they have consistently and constantly repeated their call for the New International Economic Order. Do you think their demands are justified, and what are their possible limitations? (14 marks)
b) Explain the Micro strategies used by different countries to achieve economic development.
(6 marks)

Econ 303 : Economic Development 1 Question Paper

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