Saurastra University 2006 M.A Economics : - V (Theories of International Trade & Development) (Old ) - Question Paper

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SR-490]    1    [Contd...

Instruction : All questions carry equal marks.

1 Evaluate the theory of comparative costs given by classical 20 economists.

OR

1 Explain the meaning of Terms of trade, discuss the factors 20 affecting terms of trade.

2 Write a detail note on 'Balance V/s Unbalance economic 20 development.

OR

2 (a) Explain Lenoticf paradox.    10

(b) Explain Arthur Lewis's theory of economic growth. 10

3 (a) Write note on stages of economic growth given by    10

Pro. Rostow.

development.

OR

3 Explain Hecrscher-Ohlin theory and indicate its limitations. 20

4 Distinguish between economic development and economic 20 growth, what are the main roadblocks of economic development for developing countries.

OR

4 (a) Explain the theory of trade and labour skills by    10

Donald B. Kessing.

(b) Explain concept of product life cycle.    10

5 Write notes on any two :    20

(1)    Import duties and import quota

(2)    Big Push Theory

(3)    International trade and economic development

(4)    Regional trade blocks

(5)    Main characteristics of an underdeveloped country.

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SR-490]    2

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