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Why is U.S. aid to developing countries so low (as a percentage of GDP) compared to most other industrialized countries?
What do you think is the logic behind Kuznets's theory? Recent research shows that the Kuznets relation no longer holds. Why do you think this is?
There is currently a worldwide campaign to reduce the foreign debt of least-developed countries. Discuss the economic benefits of debt relief for the countries.
Should governments seeking to develop domestic industry protect such industries with tariffs and regulations or should they subject them to foreign competition?
Do you think the maquiladoras are a positive factor in Mexican economic development?
What are the reasons for the poor economic performance of most countries in sub-Saharan Africa?
What do you see as the obstacle in reestablishing the kind of stable exchange rates that used to prevail under the pre-World War I Gold Standard.
Can you explain why a concerted effort on the part of people who buy or sell foreign exchange can threaten the solidity of a whole nation's economy?
Could you notice the presence of growing globalization, even if you had never heard the word, from what you see in ads or in shops?
How does a fixed exchange rate-say five U.S. dollars for one British pound-remove the risk in international trading that exists when exchange rate fluctuates.
What obstacles do you think these countries face and what do you imagine their future will be?
Why do you think capitalism has not been a great success in the formerly communist countries of Eastern Europe?
Why do you think the ideas of Marxism were mostly not realized in the actual experiences of socialist countries?
Was the decline of socialism in Eastern Europe the result of purely economic factors? What role was played by politics and culture?
Describe stagflation as opposed to inflation? Does it refer to the presence or absence of economic growth? What, in turn, determines how strong growth will be?
Why was the inflation at the end of the Golden Age so disruptive? Do you think that even without the two oil shocks it would have become so powerful a force?
Go to the internet and find a news article published within the last three months that discusses macroeconomic effects of exchange rates.
Has war always been a propulsive force for economies? How about World War I? How about winners versus losers?
Can we draw any conclusions regarding the limits of the public sector from the European experience? Do you think the same limits would apply to the US?
Why is it so difficult to create a single currency for the Common Market when we have no such problem with the 50 American states?
What would invalidate the idea that government spending is a proper and useful policy for a capitalist economy? What would validate it?
Can wasteful spending also be stimulative? Do the same considerations- and the same responses-apply to corporate spending? How does one measure waste?
Why are market structures so important? What policies make sense to you with regard to the U.S. wheat or corn markets?
How do you explain the change in political philosophy between the Hoover and the Roosevelt administrations?
What sorts of businesses would be hit by your reduced spending? Would they, in turn, curtail their expenditures?