4 difficult economic questions, 2 pages - Font size times new roman 11

Hello, I need you to answer 4 difficult economic questions for me, written in 2 pages, with Font size times new roman 11. Please download the word document below. Q1. “Development of financial systems is more likely to benefit the rich and well-connected since they have sufficient wealth for collateral. The rich may also be able to prevent small firms from accessing external finance and reduce the ability of the poor to improve their economic well-being. Thus, the poor are often excluded from finance and are therefore unable to invest sufficiently in human and physical capital.” This proposition suggests that finance is bad for development. Discuss. […Write here….] Q2. The “law and finance theory” proposed by La Porta et al. (1997, 1998) holds that the legal tradition of a country matters for its subsequent financial development. Provide two valid arguments against the ability of this theory in predicting the variation of financial development across countries. […Write here….] Q3. Abiad and Mody (2005) argue that the decision to reform financial systems can be driven by some special events, learning effects, and ideology and structure of the government. Discuss two other plausible determinants of financial liberalization which have not been considered by Abiad and Mody (2005). […Write here….] Q4. “Countries with backward financial systems are likely to have more government ownership of banks. Since public ownership of banks is bad for economic growth, this implies that financial development and economic growth are positively related.” Discuss this statement. […Write here….]