Choose a developing country, and discuss its economic growth in the last 2-3 years. Include the following information: 300-400 words
- Identify its growth in output per capita and in population growth.
- Is it an open or closed economy?
- Describe the quality and quantity of its labor force and other inputs of production.
- Identify its comparative advantage and whether it is involved in trade.
- Identify the country's type of economy-how their economy is a market, command, or mixed economy.
- Is this country in good or bad shape regarding the balance of payments?
- Is the country's foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country's currency valuation?
- Has it benefitted from any trade agreements? If so, how? If not, should it?
Using the information you gathered, discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth.