412FinalPaper

412FinalPaper - For the years for which you have data and...

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Sheet1 Page 1 Third assignment Due May 19 You have already two essays on two different countries, one a developing country and the other a developed one, over the course of the late 20th century if not most of the 20th century. Throughout the course we have talked about the sources of long run economic growth. - We have talked about it terms of capital, labor, technology, and human capital. -We have talked about it terms of colonialism and the industrial revolution. - We have talked about it terms of governance structures and the ability of societies to harness the power of organizations. For your two countries, first briefly compare their histories over the course of the 20th century. Where did their institutions come from? Are they democracies? If not, have the tried democracy and has it failed?
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Unformatted text preview: For the years for which you have data and can make comparisons, which country grew faster? Compare growth rates over as long a period as you can, as well as for shorter periods. Which country has fewer negative growth experiences? Are the differences in their relative economic performance at the end of the 20th century the result of conditions in 1950, or each countries experience over the intervening period? What are the sources of economic prosperity? What are they good at producing and (perhaps) exporting? Has growth been widespread or concentrated in specific sectors? Are periods of declining economic performance explained by external or internal forces? Why do you think your countries are rich and poor?...
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This note was uploaded on 04/30/2010 for the course ECON 412 taught by Professor Gribbin,j during the Spring '08 term at UMBC.

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