Chapter 11 Growth Rate of China and India Questions

Chapter 11 Growth Rate of China and India Questions

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Chapter 11 Growth Rate of China and India Questions

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International Economics Discussion

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The second option is your chance to write about something other than the epidemic. You could investigate income inequality around the world. This is a huge topic with lots of resources and ways you could address it. It is also a very important topic and one that will grow in importance over time. You would need to look at within-country inequality (not just within the U.S.) and across country inequality. Include any explanations of these inequalities you can find or think of. Then end with a discussion of your thoughts on the subject or what you think should be done (hopefully you realize I will grade this the same regardless of what your actual opinion is, so don’t feel you need to write what I want you to say)

Chapter 11 Growth Rate of China and India Questions

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Chapter 11 develops a model that explains economic growth as a function of the accumulation of capital and improvements in technology. One prediction of this model is that poor countries will grow at a faster rate than rich countries (you might want to review section 11.4 of the textbook).  Please respond to the following prompts:

In your own words, and based on the explanation in the textbook, explain why economists expect poor countries to grow at a faster rate than rich countries.

Try to verify this claim. Please go to the IMF website referenced in your learning portfolio assignment for chapters 8, 9 and 10 (near top of Canvas page), and compare economic growth rates for China and India to those of a few developed countries (United States, Canada, France, etc.), and comment on any differences you see. Does the real-world data fit the predictions of the model?

Compare the growth experienced by China and India to that of the poor countries in Africa, like Zimbabwe and Democratic Republic of Congo. Are the poor countries in Africa growing like China and India? Please do some internet research to try to figure out why they are similar or different. If you find that they are similar, what sorts of conditions or policies are similar in the countries that might lead to strong growth? If they are different, what conditions and policies differ that might explain why they are different?

Chapter 11 Growth Rate of China and India Questions

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