Take-Home Final Examination
POLITICAL ECONOMY OF DEVELOPMENT
Spring 2015 Due by 5pm April 30
(by email or hard copy in my box in 327 Tarbutton)
Identifications (40 points - 4 points each) In 3-5 sentences for each item, define and explain the relevance for development of 10 of the following as discussed in the course. You must include items with * (items 1-5). 1) globalization*
Globalization is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Multinational corporations (MNCs) can be can be a centralized distributor of this interchange of, particularly products and ideas. For example, Toyota made a long-term global business plan named “Global Vision …show more content…
I will evaluate your essay on the basis of how well you integrate factors, (such as, among others, the impact of the supply of and demand for human capital), covered in relevant class discussions, lectures and readings. You may illustrate your answer by referring to specific countries, such as Thailand. Your essay is to be 2-3 double-spaced pages (12 pt font). Please be sure to number your pages and include your name at the beginning of your essay.
In the post-World War II era, economies have tended to experience stagnating or declining growth after reaching middle-income. This phenomenon is known as the middle-income trap. I would argue that there is two main reason for why the middle income trap is called a trap: the supply and demand for certain types of human capital at certain periods of time of market fluctuation, and the potential for inequality to be created as a result for that demand for certain types of human …show more content…
When referring back to my example, the rural manufacturers (assuming that their level of education was low) were forced to go into the city, there was no guarantee that they were going to be offered a formal education make them competitive in the urban job market, and that could have intensified the social divide between those who were raised in rural areas and those who were raised in urban areas if the urban had the upperhand and were privileged in acquiring jobs. As the rural population started to acquire more jobs, that company is not obligated by the government to offer career planning to any of their employees, and if the company is based on a seniority system, then the newcomers are in danger of becoming a part of the precariat because of their lack of work experience in “urban companies.” It is also possible that the guy over the diversity and inclusion sector of human resources is secretly racist and ethnic tensions can heighten in the workplace did, as I would imagine happened in Singapore. As the labor force becomes more and more skilled the low-skilled workers becomes more alienated from high value-added activities and the higher-skilled workers run the risk of having a cap on their “innovative abilities” if not provided the necessary funding to increase the probability of inventing something new that the company can make a profit off
POLITICAL ECONOMY OF DEVELOPMENT
Spring 2015 Due by 5pm April 30
(by email or hard copy in my box in 327 Tarbutton)
Identifications (40 points - 4 points each) In 3-5 sentences for each item, define and explain the relevance for development of 10 of the following as discussed in the course. You must include items with * (items 1-5). 1) globalization*
Globalization is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Multinational corporations (MNCs) can be can be a centralized distributor of this interchange of, particularly products and ideas. For example, Toyota made a long-term global business plan named “Global Vision …show more content…
I will evaluate your essay on the basis of how well you integrate factors, (such as, among others, the impact of the supply of and demand for human capital), covered in relevant class discussions, lectures and readings. You may illustrate your answer by referring to specific countries, such as Thailand. Your essay is to be 2-3 double-spaced pages (12 pt font). Please be sure to number your pages and include your name at the beginning of your essay.
In the post-World War II era, economies have tended to experience stagnating or declining growth after reaching middle-income. This phenomenon is known as the middle-income trap. I would argue that there is two main reason for why the middle income trap is called a trap: the supply and demand for certain types of human capital at certain periods of time of market fluctuation, and the potential for inequality to be created as a result for that demand for certain types of human …show more content…
When referring back to my example, the rural manufacturers (assuming that their level of education was low) were forced to go into the city, there was no guarantee that they were going to be offered a formal education make them competitive in the urban job market, and that could have intensified the social divide between those who were raised in rural areas and those who were raised in urban areas if the urban had the upperhand and were privileged in acquiring jobs. As the rural population started to acquire more jobs, that company is not obligated by the government to offer career planning to any of their employees, and if the company is based on a seniority system, then the newcomers are in danger of becoming a part of the precariat because of their lack of work experience in “urban companies.” It is also possible that the guy over the diversity and inclusion sector of human resources is secretly racist and ethnic tensions can heighten in the workplace did, as I would imagine happened in Singapore. As the labor force becomes more and more skilled the low-skilled workers becomes more alienated from high value-added activities and the higher-skilled workers run the risk of having a cap on their “innovative abilities” if not provided the necessary funding to increase the probability of inventing something new that the company can make a profit off