Introductory Development Economics — DU B.A. (Hons.) Economics Previous Year Question Papers

4. Critically examine the alternative strategies of economic development adopted by Less Developed Countries (LDCs), such as neoliberal, state-led, and mixed approaches. Discuss their relative merits and limitations, highlighting the policy experiences of relatively more successful and less successful 5. (i) Discuss the measurement of poverty in terms of capability deprivation vis-a-vis income deprivation with the help of examples. (9) (i) What is the Lorenz criterion? Explain why an inequality measure is consistent with the Lorenz criterion if and only if it is simultaneously consistent with the four criteria for inequality measurement. (9) 6. Critically examine the Lewis two-sector model of structural change. Examine the model's success in explaining the process of development in dual economies. (18) 7. Two societies, A and B, each have a total population of 100. Their income distributions are given below : Society A Society B Income in INR No of People Income in INR No of People Draw the Lorenz Curves of the two societies and calculate their Gini Coefficient and Coefficient of h!' Variation, respectively. Interpret the results. Society A Society B: Income in No of Income in No of INR People INR People (i) Purchasing Power Parity (ii) Rostow's Stages of Growth Model