Economic development

1. What reasons do Todaro and Smith offer for the technological stagnation of peasant agriculture?

2. Briefly state the economic and noneconomic arguments in favour of land reform in Latin America and the Caribbean.

3. What is comprehensive, or integrated, rural development?

4. a. What are the main arguments of the trade optimists? Is this position supported by the data?

b. Why did import-substituting industrialization fail so often?

5. Explain how South Korea combined an active industrial policy with export promotion.
































Sample Solution