Here is the synopsis of our sample research paper on Development Economics. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper is a response to three articles that ;look at the issue of development economics and why development economies is, or should be seen, as separated from mainstream, economics. The response supports this proposition. The bibliography cites 3 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEdevecc.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the view that mainstream economics can be applied to the developing world is an oversimplification, moving away from the work of Arthur Lewis and Gunnar Myrdal, and that development economics,
moving too far away from the border perspectives which are needed for policies to aid developing countries. As Kanbur (2002) notes, there are very important assumptions that very between mainstream
economics and development economics, which with the adoption of mainstream economics for development policy making could lead to difficulties, one of the main issues is of the assumption of mutual
benefit, as put forward by Friedman. The concept of unequal benefit has been recognized in many political and social research articles, and is generally accepted as a characteristic where
trade occurs between developing and developed countries. However, there is the assumption of mutual benefit within mainstream economics. There is also the assumption in mainstream economics of other characteristics such
as equality in competition, externalities and distribution. Assumptions in mainstream economics give specific characteristics or influences on the different types of transactions, all actions, on the knock on effect that
they will have throughout the economy. However, just as with the concept of mutual benefit, the characteristics which are attributed to competition, externalities and distribution are not necessarily accurate when
assessing developing economies. There is a strong argument in developed economies where there is a mutually beneficial transaction theres this reason, all benefit, for policymakers to interfere. The concept of
Lassiez Faire, and noninterference is basic to the concept of capitalist values and free-market economy. However, this is an assumption that is appropriate for use in mainstream economics in the
developing world, it may not be appropriate in the developing world, where there are many different influences. In mainstream economics the economists have been able to consider the knock on
...