1. What do you mean by globalisation? Explain linkages between liberalisation, privatisation and globalisation. How does globalisation lead to higher stage of internationalisation

2. Explain the concept of Export-Driven Model of economic development. Examine the role of export in the development of an economy. Evaluate the experience of Asian Tigers in this regard.

3. Explain the emerging trend in Information Technology. How can IT help in productivity growth?

4. What is market socialism? Explain the Lange's model of market socialism.

5. According to Jorgenson model, what is the essential requirement for growth of a dual economy. Explain.

6. What do you mean by underdevelopment? Can you think of a situation where a country may be rich and yet underdeveloped

7. Explain the objectives of the International Monetary Fund (IMF). How far has the IMP been successful in achieving them

8. Explain the main features and various forms of Public Private Partnership.

9. Mention the steps involved in the process of decentralised planning.

10. Write short note on any three of the following:

E-Governance

Most favoured Nation Clause

Jobless growth

Special Drawing Rights

Industrial Capitalism

11. Distinguish between any three pairs of the following:

Economic growth and economic development

Harrod-Neutrality and Hicks-Neutrality

Competitive advantage and comparative advantage

Capitalism and socialism

Environmental degradation and environmental crisis