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Economics-2014: Answer Writing Challenge – 45


06 November 2014

Q1) Critically examine Myrdal’s thesis on economic development and structural change in the context of the process of economic development of less developed countries. Do you think that the structural changes in these countries are in right direction? Elaborate your answer (60 Marks)

Q2) Critically evaluate Kuznet’s inverted U shaped curve hypothesis of income distribution. Does it hold good for less developed countries as well (20 Marks)