Spring 2013 Econ 471 Prof. Bee-Yan Roberts COVER PAGE TO PROBLEM SET #1 Printed Name: While you are permitted to work together as a group‚ you must write out the answers on your own (preferably in a separate room) without any help from those in the group. Problem sets with similar answers in any question will receive a grade of zero. I have not received any help and I have not provided help to other students in writing up the answers to this problem
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This essay aims to define what development is and to answer the question on whether if Zambia is developing in accordance with Dudley Seers. This will be done in two phases by first defining what development means with the aid of various definitions and dimensions while the second phase to point out on whether Zambia is developing by referring to a reduction in poverty‚ a reduction in unemployment and a reduction in inequality as key points of reference. The term development is said to be complex
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inequality as for its soccer. According toFacing Up to Inequality in Latin America‚ the IDB (1998) ranked both Brazil’s total Gini coefficient1 (0.60) and its urban-only Gini coefficient (0.57) as the highest in the region. Its ratio of per-capita urban to per-capita rural household incomes (3.0) was also the highest in Latin America. The World Bank’s point estimates for Gini coefficients‚ listed in Attacking Poverty (WDR 2001) for as many countries as the Bank dares‚ include only two countries higher than
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Evaluate solutions to the trade-off between equity and efficiency in China’s economic development Although China has achieved rapid and remarkable economic growth in the last few years‚ there persists an inequality in development between urban and rural regions‚ among districts‚ and between the economy and society. There are still numerous issues which influence people’s immediate interests in fields such as income distribution‚ education and employment. The problem of the trade-off between equity
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Homework sin5 xdx = − (1−u2)2du = − (u4−2u2+1)du cos5 x 2 cos3 x = + − cos x + C 5 3 − − − − − − − − − − − − − − − − − − − − −− u = cosn−1 x‚ v = cos x‚ v = sin x u = (n − 1) cosn−2 x(− sin x) cosn xdx = cosn−1 x sin x+(n−1) = cosn−1 x sin x+(n−1) cosn−2 x sin2 xdx cosn−2 x−(n−1) cosn xdx because sin2 x = 1 − cos2 x. Then 1 n−1 cosn xdx = cosn−1 x sin x+ cosn−2 xdx n n − − − − − − − − − − − − − − − − − − − − −− Apply the above identity for n = 3‚ we have cos2
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Chapter 1 The Pros and Cons of Globalization for Developing Countries A Review of the Theoretical Issues and the Empirical Debate David Bigman* Introduction Despite the highly favorable views that most researchers in the academic community and in the international development organizations hold on the globalization process and its impact on developing countries‚ and notwithstanding the strong support of the empirical evidence of the benefits that many developing countries have derived
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The Financialization of the U.S. Corporation: What Has Been Lost‚ and How It Can Be Regained William Lazonick* I. INTRODUCTION: WHAT HAPPENED TO ECONOMIC PROSPERITY? Many of us know what a prosperous economy looks like. People who want to work have no problem finding jobs. People who want to build careers can accumulate the necessary work experience over time. People who want to start their own businesses can tap into sources of committed finance enabling them to get their firms up and running
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Affect of Globalization on Pakistan The word Globalization refers to “the growing integration of economies and societies around the world” (World Bank 2010). There has been an increasing amount of connection between various economies and one of the greatest challenges we face is to make this connection a positive one. Globalization certainly has the greatest influence on developing nations around the world. Countries such as India‚ China and Russia have been positively affected by globalization since
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Inequality: Causes and Consequences Marcus Robinson Florida A& M University Inequality is the lack of equality‚ opportunity‚ treatment‚ or status. Inequality has been going on since World War II and began to rise in the mid 1970s. Many people in the world from the United States to the Caribbean have dealt with this problem. In this article it discusses the causes and consequences of inequality researches and examinations of sociologists and economists that go in depth of the social and
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Rich get Richer and Poor get Poorer In today’s world people want to be healthy‚ happy and well educated and most want to own some type of capital. They also want to be well paid for the work that they do and they prefer to pay as little tax as possible. While everybody is happier when the rate of inflation is low and when the economy is growing and everyone is getting better off. In booming economic times‚ such as we recently have enjoyed‚ the only problem is that "the rich get richer and the poor
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