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Economics
385 Economic Development
2) (i) Briefly describe the policies to promote Import Substitution Industrialization development strategy.
(ii) Describe the structural adjustment policies implemented by one specific developing country.
(iii) Describe the outcomes of these structural adjustment policies in terms of
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- An analysis regarding the relationship between the unemployment rate and economic growth in a countrySome resource-rich countries have succeeded in converting resource wealth into longterm and equitable economic development, while many others have not. Natural resources have played a fundamental role in the growth of several industrialized economies, including Germany and the United Kingdom, where coal and iron ore deposits were a precondition for the Industrial Revolution. The United States was the world’s leading mineral economy from the mid-nineteenth to the mid-twentieth century and in the same period became the world’s leader in manufacturing (van der Ploeg 2011). More recently, countries such as Botswana, Chile, and Norway have used abundant oil and mineral resources as the foundation for economic growth. Discuss in depth, based on your understanding of the various sources of fiscal risks what complicates fiscal management in resource rich countries. Taking Zambia as a case study, suggest ways in which these risks can be managed.In the countries of South Asia in 1992, only 56 young women were enrolled in secondary school for every 100 young men. Describe several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
- Identify THREE public policies in Jamaica that can stimulate employment and facilitate economic growth in an economy.Which of the following does not exemplify the globalization of education? Countries are striving to develop “world-class universities” for a global knowledge economy Cooperation among universities to advance knowledge frontiers and promote social and cultural similarity Higher educational institutions become agents of globalization Shift to K to12 basic education in the PhilippinesThomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth. Show that immigration, like population growth, tends to create unemployment in the short run and reduce the standard of living of workers in the long run, even though it does enhance the economy’s ability to produce. (Use diagram and analysis)
- In his 2020 state of Nation address (SoNA) president of South Africa humbly noted that... '' Even if we (the government) were to Marshall every single resource at our disposal, and engage on a huge expenditure of public funds, we would not alone be able to guarantee employment to the millions of people who are out of work ''. and that '' Without growth there will be no jobs, and without jobs there will be no meaningful improvement in the lives of our people ".Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)Globalization had brought different effects to the society. It had changed that world and how the world processes. Different states join together in creating a better world for humanity. Different businesses establish parts of their business in different parts of the planet in order to provide work for the underdeveloped or developing nations. Most of these nations profit from the globalization processes of the world because this is the way in which they acquire profit. Having a Multi-national Corporation (MNC) invest in one of those nations provides good opportunity not only for the government but also the people. Among the entities involved in the process of globalization, the people are said to profit most for the reason that they are given opportunities and jobs for their family. However in another perspective, the MNCs could be seen as the most profitable entity in the aspect of globalization. It is known to many that the labor pay for the people of the developed and…
- 28) Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases? A) Low-income industrial countries are catching up to high-income industrial countries. B) Low-income developing countries are catching up to high-income industrial countries. C) Low-income industrial countries are catching up to high-income developing countries. D) All low-income countries are catching up to all high-income countries. 29) Which of the following countries actually experienced negative economic growth from 1960 to 2010? A) Israel B) Singapore C) Niger D) Malaysia 30) Which of the following accurately describes the impact of the rule of law on a country's economic growth rate? A) Countries with a strong rule of law have faster economic growth. B) Countries with a weak rule of law have faster economic growth. C) Countries that enforce property rights through lawsuits have slower economic growth. D)…Match the following terms and definitions.____ a. fertility____ b. crude death rate____ c. crude birth rate____ d. demography____ e. fecundity____ f. age-specific fertility____ g. age-specific death rate____ h. infant mortality rate____ i. migration____ j. gross migration rate____ k. net migration rate____ l. morbidity(1) the number of deaths per 1,000 members of a population per year(2) the movement of people from one geographical area to another for the purpose of establishing a new residence(3) the increase or decrease per 1,000 members of a population per year as a result of people leaving and enteringthe population(4) the number of live births per 1,000 women aged fifteen to forty-four years(5) the number of deaths per 1,000 persons in a specific age group(6) the study of the growth, distribution, composition, and change of a population(7) the number of live births per 1,000 women in a specific age group(8) the number of persons per 1,000 members of a population who enter or leave…TRUE OR FALSE: 1. Economic growth and poverty have a strong positive correlation. 2. High-income countries have a higher population growth compared to low-income countries.