Ramesh Mohan on Cure to Global Poverty



Don't use plagiarized sources. Get Your Custom Essay on
Ramesh Mohan on Cure to Global Poverty
Just from $10/Page
Order Essay

Fall 2018 ECO314 Ramesh Mohan

EXAM 2: Take home (15 points)


Why Economists Are Still Grasping for Cure to Global Poverty

com/article/SB116845440351672808.html?mod=djem_jiewr_em” rel=”nofollow”>http://online.wsj.com/article/SB116845440351672808.html?mod=djem_jiewr_em

Africa’s Poverty Trap http://online.wsj.com/article/SB117462055909446522.html?mod=djem_jiewr_em

Why Foreign Aid Is Hurting Africa

com/article/SB123758895999200083.html” rel=”nofollow”>http://online.wsj.com/article/SB123758895999200083.html

Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa


Achtung Bono! Economics Beats Goals


Global Crisis Slowed U.N. Antipoverty Drive


IMF Lifts Africa Growth View

com/article/SB10001424052702304915104575573311333458420.html” rel=”nofollow”>http://online.wsj.com/article/SB10001424052702304915104575573311333458420.html

Answer all 7 questions. Type your answers. Print it – Make sure you leave enough space for diagrams, and draw appropriate diagram by hand.

QUESTIONS:  1) Graphically show how it is possible that two steady states exist if the economies have similar rates of depreciation, population growth and technological progress. Under which conditions might the economy eventually end up in the low k* steady state? Explain the intuition.

Based on the diagram above, discuss critically whether countries are converging to similar per capita income? Are there any empirical studies (search in google scholar and cite two papers) to support your claim? (2 points)

2) What is meant by the “germ theory of disease” as it applies to the

economics of poor nations? What would such a theory look like? Why is

it important for economists to discover such a theory? (2 points)

3) What are foreign aid and poverty trap? What role has foreign aid played in the economic development of many African nations over the past 50 years? Can countries grow out of a poverty trap without the help of foreign aid? What evidence is there that this is possible? (2 points)

4) Could a change in the savings rate, s, lift the economy out of its poverty trap without outside assistance in a club economies? If yes, characterize the minimum change in the savings rate needed and whether it will have to be permanent. If no, explain why not. Use relevant diagram to demonstrate your claim . (2 points)

5) What is the Millennium Development Program? According to Easterly, what is missing from this program? (2 points)

6) Eastern European Convergence



Based on the articles above, according to the growth models we learned, discuss critically convergence/divergence in Eastern European countries (also known as transition economies). (2 points)

7) A Convergence Tale




com/articles/europes-monetary-road-not-taken-1435075298” rel=”nofollow”>http://www.wsj.com/articles/europes-monetary-road-not-taken-1435075298

a) “As the Czech Republic, Estonia, Hungary, Poland and Slovenia embark on joining the European Union, they need only look as far as Greece to spot the rewards — and the dangers — that lie ahead”. Discuss critically the statement.

b) Discuss Productivity Convergence of European Economies.

c) Do you think Markel’s Harmonic Convergence a viable one for Europe?

(3 points)

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
error: Content is protected !!
Open chat
You can contact our live agent via WhatsApp! Via +1 817 953 0426

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code STARS