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The Essay Questions: Answer Questions 1 and 2; then answer any further 2 Questions of your choice out of Questions 3-6.

Essay Question No. 1 (Mandatory): The Main Readings (Hulme, Collier, Sachs, Easterly and Acemoglu)

During the course, you were asked to review selective readings fromHulme, Collier, Sachs, Easterly andAcemoglu. In this context, compare and contrast the respective views of these various authors respecting meaningful, effective and sustainable economic development, particularly with respect to the role of law and institutions in this development process.

Essay Question No. 2 (Mandatory): Economic Development and the Rule of Law

“The role of the ‘rule of law’, in the context of economic development, should be limited to its use where necessary to achieve specific economic development objectives”. Discuss, in light of our readings from Dam, DeSoto and Danino.
Answer Any Two of Questions 3-6 (your choice)

Essay Question No. 3. : Human Development and UN

Critically evaluate the following statement: “Human Development and the pursuit of the MDGs are really just liberal contexts for inserting what are essentially Western ‘political agendas’ into the international economic development debate. In any event, the United Nations is an inept international body for fostering meaningful and sustainable global economic development.” Critically evaluate this statement.

Essay Question No.4. WTO-DSU

“ The DSU is the ‘crown jewel’ of the WTO System, equally benefiting all the WTO member states and significantly contributing to a global economic rule of law.” Critically evaluate this statement,

Essay Question No. 5. The Bretton Woods System and the G-20 (Leaders) Process

In one of our earlier classes, we discussed the post-WWII international economic system (Bretton Woods I) conceived by President Franklin D. Roosevelt. In this context ,critically evaluate each of the following sub-questions:
a. How has this “system” evolved in the context of fostering a stable, secure, sustainable, equitable and accessible system of global economic development. Consider to what extent have informal institutions and soft laws contributed to our current global economic system?; and
b. Does the G-20 (Leaders) Process foretell the unfolding of a new Bretton Woods Global Economic Order?

Essay Question No. 6. The World Bank Group

Is the World Bank Group essential for achieving meaningful and effective global economic development? If so, what should the Bank’s role/mandate be? Also, discuss one suggested area of major reform for the Bank?

 

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