ECON 2P17 Brock University China as a Developing Country Essay

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Economics

ECON 2P17

Brock University

ECON

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The assignment is due by Friday, Dec. 4 11:59pm toronto time.

Choose a developing country from Table 2.1 in Chapter 2 of your textbook. The table is posted in Resources on Sakai. You should choose a country that is classified as low-income (LIC) or middle-income (LMC and UMC). You could also choose other high-income if you wish.

Write 1000 to 1250 words (double-spaced) on the economic development efforts of that country. If your assignment is not a minimum of 1000 words, you will lose marks. You must have a word count on your title page.

You should choose a developing country and provide an overview of economic growth and development in that country. You should include statistics such as per-capita GDP, literacy rates, life-expectancy, etc. You can write about any aspect of development; efforts to educate girls and women, efforts to expand industrial base, efforts to expand tourism sector etc. You can write about IMF and World Bank interventions in the economy, and whether or not they have been successful, for example.

It depends on the country you choose, what will be pertinent in your discussion. Every country will be different.

You can follow the format in standard style manuals, and be consistent. You are permitted to use APA. The assignment should include a bibliography, footnotes or end notes, to ensure that you cite your sources properly. Please include a title page with your name and student number on it.

You will find the textbook is a good source of materials, as a start. You are free to use any source materials that you find relevant, and that are properly documented. There is extensive literature on economic growth and development on different regions and countries on the internet, and you are encouraged to use these. A good place to start to put together source materials is The World Bank and The International Monetary Fund and the UNDP. You should have a minimum of 3 different sources.

The following are some questions to help you get started. You do not have to answer all of these questions. They are just some questions that you may want to address.

1.How does this country compare to other countries with regard to income distribution and poverty measures? Is poverty increasing or decreasing? You can use other countries from the same region, if you desire.

2.Is the country underachieving or overachieving in terms of its development goals?

3.How have economists used growth theory to explain this country’s economic growth and development?

4.Has there been a trend toward greater equality or inequality?

5.Describe the relationship between political reform and economic growth and development in the country. How has warfare affected economic growth?

6.How is climate change affecting development and growth?

7.Have population control efforts been successful?

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ECON 2P17 Fall 2020 ASSIGNMENT The assignment is due by Friday, Dec. 4 11:59pm in Dropbox on Sakai. Choose a developing country from Table 2.1 in Chapter 2 of your textbook. The table is posted in Resources on Sakai. You should choose a country that is classified as low-income (LIC) or middle-income (LMC and UMC). You could also choose other high-income if you wish. Write 1000 to 1250 words (double-spaced) on the economic development efforts of that country. If your assignment is not a minimum of 1000 words, you will lose marks. You must have a word count on your title page. You should choose a developing country and provide an overview of economic growth and development in that country. You should include statistics such as per-capita GDP, literacy rates, life-expectancy, etc. You can write about any aspect of development; efforts to educate girls and women, efforts to expand industrial base, efforts to expand tourism sector etc. You can write about IMF and World Bank interventions in the economy, and whether or not they have been successful, for example. It depends on the country you choose, what will be pertinent in your discussion. Every country will be different. You can follow the format in standard style manuals, and be consistent. You are permitted to use APA. The assignment should include a bibliography, footnotes or end notes, to ensure that you cite your sources properly. Please include a title page with your name and student number on it. You will find the textbook is a good source of materials, as a start. You are free to use any source materials that you find relevant, and that are properly documented. There is extensive literature on economic growth and development on different regions and countries on the internet, and you are encouraged to use these. A good place to start to put together source materials is The World Bank and The International Monetary Fund and the UNDP. You should have a minimum of 3 different sources. The following are some questions to help you get started. You do not have to answer all of these questions. They are just some questions that you may want to address. 1. How does this country compare to other countries with regard to income distribution and poverty measures? Is poverty increasing or decreasing? You can use other countries from the same region, if you desire. 2. Is the country underachieving or overachieving in terms of its development goals? 3. How have economists used growth theory to explain this country’s economic growth and development? 4. Has there been a trend toward greater equality or inequality? 5. Describe the relationship between political reform and economic growth and development in the country. How has warfare affected economic growth? 6. How is climate change affecting development and growth? 7. Have population control efforts been successful?
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Explanation & Answer

Hello, am done I used China as the company of my choice, please check the document below. Every is covered in detail as per the requirement.

Running head: CHINA AS A DEVELOPING COUNTRY

China as a Developing Country
Student’s Name

Course Name and Number

Institution

Date Submitted

Word Count:

1

CHINA AS A DEVELOPING COUNTRY

2

While China has already made remarkable steps towards its economic goals, it does not
mean the country is already a developed country. China lags far much behind as a developed
country in terms of social and economic levels. It remains the largest developing country in terms
of per capita levels, employment rates, innovation ability, and industrial structure. Since 1978
when China began to reform its economy, its GDP has grown by almost ten percent yearly. Also,
850 million have been lifted from poverty since its economic rise. China has now grown into an
upper-middle-income country, and it is the second-largest economy globally (Peterson, 2017).
Compared to the developed countries, China’s per capita income is one quarter, and about
one-quarter of the population lives below the poverty line, which is 5.5 US dollars in a day. China
had set the goal of eradicating poverty by 2020, but millions of its population continue to live in
abject poverty. The global poverty rate has declined since the 1990s, and China has contributed to
about sixty percent of this decrease. Years of rapid economic development have reduced poverty
levels in the country from 66.3% to below 0.5%. Among the countries with the largest populations
in the world, China has seen the greatest decline in poverty rates. Although poverty has declined
over the years, it has remained more severe in rural than urban areas. Extreme poverty is witne...


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