- What do you believe is the best way to defineand measure development? Take a clear stand on your answer to this question, and justify your answer by considering the pros and cons of: (1) competing definitions of development, and (2) competing measures of development.
- Which explanation of economic growth do you find more persuasive: the capital accumulation explanationor the technological innovation explanation? Take a clear stand on your answer to this question, and defend your stand with a well-written essay that offers plenty of relevant evidence. An excellent essay will do all of the following: (1) offer a concise summary of the theory of capital accumulation; (2) offer a concise summary of the Solow model and the role of technology in Solow’s explanation of economic growth; (3) analyze the arguments in favor of the capital accumulation explanation; (4) analyze the arguments in favor of a technological innovation explanation; and (5) clearly and concisely state why you find one explanation superior to the other.
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