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Questions and Answers
Global convergence refers to developing economies growing more rapidly than advanced economies.
True
The concept of productive dualism is specific to developed countries.
False
Development economics is a branch of neoclassical economics.
False
The goal of development policy is to widen the disparities in incomes and education.
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W. Arthur Lewis was a Nobel laureate in economics.
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The distinction between developed and developing countries is still very relevant today.
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Productive dualism is a feature unique to developing countries.
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The Lewis model of a dual economy is relevant to conditions in the United States.
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In Europe, the increase in inequality was more marked than in the United States.
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Left-behind localities in advanced economies have limited access to financial resources.
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