A1FS Views

Economics of Developing Countries Group – A (Compulsory)

1. Concepts of growth, development and under development – Indicators and

measurement of development – Minimum needs – Physical quality of Life Index.

2. (a) Inter-relationship between population and development – Demo-graphic transition, Population Trap – Population Policy in developing countries.

(b) Nature and problem of unemployment and underemployment in developing countries – Employment Policies.

(c) Concept of Poverty Line – Indicators and poverty – Dimenation of poverty in third world – Poverty policies and programmes – Inter-relationship between population, poverty, and unemployment.

3. Transformation of agriculture – Technological and institutional changes inagriculture and their impact on production, productivity and equity.

4. Strategies of Industrialisation – Impact of alternative strategies of growth, self– reliance and employment – Govt. policies of industrialisation in under– developed countries and their effects – Choice of techniques of production –

Appropriate technology for developing countries.

5. Role of Monetory and Fiscal policies in economic development – Tax structure and policies in developing countries – Taxation, borrowing and deficit financing as a methods of financing – Public expenditure and their effects.

6. Market economy – its limitations–role of planning in development–models of planning (Aggregate, sectoral and input–output models – basic concepts only)– Experience and process of planning in developing countries.

7. Foreign trade and development – Inward looking and outward looking trade policy and development – Custom union in developing countries – Foreign capital, foreign aid and burden of repayment of debt – Transfer of technology– Multinational Corporations.

8. Working of International Monetary System–Exchange Rate policies–Problem of International Monetary System – Reforms in the present monetary system with

reference to developing countries – New World economic order.