Subject(s): Economic Development -- UnderDevelopment -- International Trade -- Development and underdevelopment : Study of economic development, development gap and measurement of poverty, characteristics of underdevelopment and structural change - poverty, famine, food production, basic needs, Rostow's stages of growth, industrialisation and growth, Kaldor's growth laws, theories of economic growth- why growth rates differ between countries - Harrod Domer growth theories, neoclassical growth theory, production function approaches to the analysis of growth -- Factors in the development process : Land, labour and agriculture , rural -urban migration, capital and technical progress -- Obstacles to development : Dualism, centre-periphery models and process of cumulative causation, population and development -- Role of the state, allocation of resources, sustainable development and the choice of techniques : Resources allocation in developing countries- market mechanism and the role of the state, project appraisal, social cost-benefit analysis and shadow wages, development and the environment, choice of techniques, input-output analysis -- Financing economic development : Financing development from domestic resources, foreign assistance debt and development -- International trade, the balance of payments and development : Trade and development, balance of payments, international monetary assistance and development, IMF, EFF, CFF, SRF,CCL, PRGF