MIT11_481Js09_pset02 - MIT OpenCourseWare http:/

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MIT OpenCourseWare 11.481J / 1.284J / ESD.192J Analyzing and Accounting for Regional Economic Growth Spring 2009 For information about citing these materials or our Terms of Use, visit: .
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Problem Set 2 DUSP 11.481J, 1.284J, ESD.192J Please answer only one of the following three questions (Question No.1, or Question No. 2, or Question No. 3). Answer all parts of the question you select. In each case, we would like you to connect your answer to the provision of the stimulus packages that the Obama administration and/or the People’s Republic of China (China) are proposing. See the URLs at the end of this handout. 1. Factor Mobility and Globalization a. What is the Harris and Todaro (1970) explanation for migration? What is the role of wages, living costs, and expectations in their model? b. Why are analysts concerned about recent trends in factor mobility, commodity trade, and globalization as they relate to the provision of an infrastructure stimulus? c. Are the concerns of the analysts valid? Why or why not? What are the different implications for regions of these trends in developed and developing countries especially in light of recent financial stimulus being offered in the United States? Base your answer upon at least the following:
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MIT11_481Js09_pset02 - MIT OpenCourseWare http:/

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