1. Why do you think there is so much government corruption in some developing countries?
2. Do you favor debt forgiveness to all developing countries, just the poorest ones, or none at all? What incentive problem might debt relief create? Would you be willing to pay $20 a year more in personal income taxes for debt forgiveness? How about $200? How about $2,000?
3 .Because real capital is supposed to earn a higher return where it is scarce, how do you explain the fact that most international investment flows to the industrially
developed countries(where capital is relatively abundant) rather than to the developing countries (where capital is very scarce)?
4. Explain how each of the following can be obstacles to the growth of income per capita in the developing countries:
1) lack of natural resources,
2) large populations,
3) low labor productivity,
4) poor infrastructure, and
5) capital flight.
5. What is data mining as described in the video? How does this differ from the concept of data mining as used in field of statistics?