Explain the concept of the idea gap in development economics. ...

[Beheh]

Explain the concept of the idea gap in development economics.
 
  What will be an ideal response?

Question 2

Which of the following statements is true?
 
  (a) larger countries (in terms of size) tend to be more open (in terms of larger share of exports in GDP) than smaller countries and developing countries tend to be less open than developed economies.
  (b) larger countries (in terms of size) tend to be less open (in terms of lower share of exports in GDP) than smaller countries and developing countries tend to be less open than developed economies.
  (c) larger countries (in terms of size) tend to be more open (in terms of larger share of exports in GDP) than smaller countries and developing countries tend to be more open than developed economies.
  (d) larger countries (in terms of size) tend to be less open (in terms of lower share of exports in GDP) than smaller countries and developing countries tend to be more open than developed economies.

[asware1]

Answer to Question 1

Developing countries lack knowledge, information, and skills for production and productivity in comparison to more developed countries.

Answer to Question 2

D