ECONAssign2 - Schulich School of Business Professor Irene...

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Schulich School of Business Professor Irene Henriques York University Fall 2015 ECON 2000 B & A: Applied Macroeconomics Assignment #2 DUE: Hard copy due at beginning of class on Tuesday November 17, 2015 NOTE: Late assignments will not be accepted. Assignments must be typed (graphs can be hand drawn). Show all your work. Please provide a cover page with your name(s) and student number(s). Students can work in groups of no more than 3 people 1. In this question, you are asked to do some research on emerging economies. For the group of countries known as the CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) fill in the table with the following information: Indicator Colombia Indonesia Vietnam Egypt Turkey South Africa Average annual real GDP growth over 2011- 2015 4.6% 5% 6% 2.2% 2.9% 1.5% ranking on doing business (2016) 54 109 90 131 55 73 ranking on human development index 98 108 121 110 69 118 ranking on corruption perceptions index (2012) 94 118 123 118 54 69
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Which of the CIVETS countries looks the most promising as a place to invest and do business? Justify your answer. In summary, GDP growth rates is a measure of the increase in gross value added by residents plus product taxes and subtracting subsidies. Ranking on Human Development Index measures average achievement in areas of human development that include: long and healthy life, knowledge and standard of living. The Corruption Perceptions Index ranks countries based on the corruption in their public sector. I would want to invest in a country with high GDP growth and has high ranks in ease of doing business, human development index and the corruption perceptions index. High GDP growth shows that the country is developing at a greater pace and this is important for investments because with greater GDP growth, there is more money in the economy to further increase profits. Ease of doing business is a crucial factor in deciding where to invest because there could be many obstacles (requiring time and money) that hinder ability to make profit or to move money. The purpose of investing is to generate profit and be able to use that money. High ranks on the Human Development Index shows that residents of that country have long and healthy lives, have great education and high standards of living. This is important for new companies that need educated workers.
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