Question Detail:
Identify two countries of your choice, one that has recently experienced relatively strong and robust economic growth and one that has had relatively weaker economic growth. Find some economic data on bothcountries that you think could inform an analysis of differences in the economic growth rates of both countries. Such data might include GDP per capita measured in common currency, e.g. US dollars),unemployment rates, human capital development index, literacy rate, population growth, index of economic freedom, level of investment, savings rate, inflation rates, etc.
Required:
Prepare a report that is designed to evaluate how the differences in the economic growth in both countries can be reconciled with your knowledge of theories of economic growth. You should use economic datayou gathered on both countries to justify your answers. While you are free to structure your report as you feel appropriate, it should include:
discussion of the economic conditions of both countries appraisal of how growth theory can explain differences in the economic grow rates of both countries using data you gathered (You can present some of this data in graphical or table form.)
whether the strong growth country prospects for continued strong economic growth might be limited; and, if so, what policy you would recommend to offset this?
whether the weak growth country prospects for growth will be further limited; and, if so, what policy you would recommend to offset this?
Poor. Answer exhibits one or more of the following: factually correct but at an elementary level; muddled logic, lacking cohesion and direction; largely missingthe analysis of the theory of economic growth; and missing the analysis of theexplanation of differences in economic growth rates across both countries.
Fair. Answer shows good knowledge but with little evidence of critical assessment or analysis of how growth theory can shed light on differences in theeconomic growth rates across both countries; not structured in a logical manner;weak communication skills; some use and application of the data.
Very Good. Answer shows broad knowledge. Understanding of the of the applicability of the theory of economic growth in both countries can be based onlecture material alone, but will often show strong evidence of reading andunderstanding of primary sources; use of the data is good, and communicationskills are well developed.