08 Jun Question Econ 336: Final Exam Due May 20. 200 points total
Question
Econ 336: Final Exam
Due May 20. 200 points total
GUIDELINES:
Your answers are expected to draw upon class lectures as well the relevant textbook chapters and readings. Excellent (A) answers will do the following:
1. Have well-constructed paragraphs that make an argument.
2. Use diagrams as necessary.
3. Have minimal use of direct quotes, and if used cited properly as: author, year.
4. Be specific about examples (countries, numbers, etc.)
5. Avoid “hand-waving” explanations and colloquialisms.
6. Connect different readings together when required.
FORMAT:
Please type your answers. Use 12 point Times New Roman font, single-spaced, with 1 inch margins. Answers to each question should not exceed half a page (single-spaced). If you have a hand-drawn diagram, please scan or take a picture and send it with the exam.
QUESTIONS (20 points each)
You have recently been appointed Special Economic Advisor to the government of XColonia, a small developing country in sub-Saharan Africa with an annual per-capita GDP of about $1000. XColonia has a large agricultural sector mostly consisting of small, family farms and a few large plantations. The distribution of land is very unequal. The country has a small manufacturing sector consisting of a large number of small firms with simple technology and a few big modern firms.For the past 10 years, XColonia has pursued an easy ISI policy, focusing on the development of consumer goods industry. Currently, XColonia’s primary exports are coffee and cotton textiles, accounting for over 80% of its export revenue. XColonia’s major imports are oil, pharmaceutical drugs, proprietary technology and heavy machinery.
1. XColonia has finished a round of easy ISI and has begun manufacturing its own consumer goods like clothing, shoes, cosmetics, toiletries etc. The Industry Minister is arguing that it is time to switch to difficult ISI to start reducing imports of heavy machinery. You instead want to argue for easy export substitution. How would you argue that your strategy is better than hers?
2. The Labor minister of XColonia also disapproves of the difficult ISI policies being pushed by the Industry Minister on the grounds that capital intensive industry will not be able to take advantage of XColonia’s unlimited supplies of labor. Explain what the Labor Minister means by this term. Using the Lewis-Ranis-Fei model show how the industrial sector could face a horizontal labor supply curve as long as there is disguised unemployment in the agricultural sector.
3. As the Special Economic Advisor, you are also pushing for radical land reforms. Your argument is that if a country has experienced a successful land reform program, it is easier for that country to implement export substitution policies. Elaborate on this argument using the contrasting examples of East Asia and Latin America (discussed by Kay).
4. You also argue that a land reform program will break interlinked land, labor and credit markets therebyreducing interest rates and raising wages in the countryside. Write a short note explaining how land reform would facilitate better operation of the credit and labor markets.
5. The Minister for Environment is being attacked in the press for a public statement that XColonia should not only care about development but also about the environment, i.e. it is not too poor to be green. He has asked you to prepare a short note defending his statement.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.