Economic growth

1. Describe Rostow’s stages theory of economic growth. 2. What is meant by the term neoclassical counterrevolution? What are its principal arguments? 3. Economic growth is often said to be a necessary (but not a sufficient) condition to eliminate poverty. Explain. 4. Explain the Kuznets inverted-U hypothesis. 5. How does microfinance differ from other forms of finance? How successful has it been in providing capital to poor households for self-employment activities?