What single factory do you think would have the greatest impact on their economic growth
Pick any low income country. After some research, present and summarize the economic history, present situation and problems and future challenges of this country.
What single factory do you think would have the greatest impact on their economic growth? Give arguments in support of your opinion.
Useful comments and directions:
1. Make use of and apply the economic theory, concepts and principles. (such as real GDP, inflation, unemployment, productivity, factors of production, comparative advantage, trade) may be important to the analysis.
- Utilize models (such as supply and demand, Aggregate Supply and Aggregate Demand, Production Possibility Frontier) to illustrate relevant points and arguments about the country of your choice.
3. IMPORTANT: this paper should not consist of a recitation of facts; be sure to apply economic theory to those facts.Format and submission:
1.Present the work in form of essay (with introduction, thesis, arguments in body paragraphs and conclusion) of 1,000 words. (Papers should be in range of 950 to 1050 words)
2. Standard format: 1 inch margins all around, 12 point Times New Roman font, Double Spaced.
3. You can include a graph in your paper but it must be well integrated into the text and relevant to the argument of the paper. The graph should be your own creation unless it concerns empirical data needed to make a point. In the latter case, be sure to identify the source. A graph is worth 50 words against the word count requirement, up to a maximum of 100 words.
4 Please cite reference properly using MLA or Chicago style.
