Macroeconomics – 11. The Economics of Developing Countries

  1. What are some of the most important characteristics of developing countries?
  2. Describe the Malthusian trap associated with population growth.
  3. Explain the demographic transition view of population growth.
  4. What is the so-called “brain drain?”
  5. What is the Catch-22 of capital formation for many developing countries?
  6. Illustrate the vicious circle of poverty.
  7. Regarding strategies of economic development, describe and assess three major strategic choices faced by developing countries.
  8. List nine ways for developing countries to enhance economic growth.

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