Assignment:
Comparative Economic Systems Research Project
You have been assigned a country to economically evaluate this semester. For your assigned country you will complete numbers 1 to 5 below by the due date specified in the syllabus.
1. In 2 to 3 pages, detail in your own words the political, economic, and social institutions dominant in your assigned country. Also, provide some brief historical context that help explain these institutions.
2. Using the most recent data available from the CIA Factbookor OECD, locate the following metrics on each country and the United States. Consolidate in tabular form with each metric listed in the first column, your assigned country results in the second column, and the U.S. results in the third column. In a fourth column cite the source (OECD or CIA). Some metrics below may need to be calculated from the source data provided.
• GDP (Purchasing Power Parity)
• GDP (Official Exchange Rate)
• GDP Real Growth Rate
• Per Capita GDP (Purchasing Power Parity)
• GDP Composition (end use)
• GDP composition (by sector)
• Labor Force
• Unemployment Rate
• Gini Index
• Inflation Rate
• Exports (dollar value)
• Imports (dollar value)
• Trade Surplus/Deficit (calculate as a percentage of GDP)
• Public Debt (calculate as a percentage of GDP)
• Population
• Population Growth Rate
• Life Expectancy at Birth (years)
3. Respond to a and b below:
a. Using our lecture and textbook material, how would you classify your country in each of the following?
i. Property Rights
ii. Decision-making Arrangements
iii. Economic Coordination
iv. Incentive Mechanisms
v. Public Choice System
b. Using our lecture and textbook material along with the data collected in 2 above, how would you classify your countries in terms of the following economic outcomes?
i. Economic Growth
ii. Efficiency
iii. Income Distribution
iv. Stability
v. Viability
4. In 2 to 3 pages, contrast your assigned country's metrics with those of the United States. Focus on those areas that are most divergent. Using the information from question 3 above, based on what you have learned in class and via the WSJ readings, speculate on why such differences may exist.
5. Collect at leastten political, social, and/or economic news articles (WSJ only) for your country. The easiest way to locate articles is to type in google search your country + WSJ then select the news link. Articles should be less than one year old and provide a diverse portrayal of the conditions/issues the country has recently been facing. Key sentences are to be highlighted or underlined to provide a synopsis to the grader and demonstrate you can identify the most relevant material in each news bulletin. Once you have compiled your articles provide a 2 to 3 page narrative summarizing the recent economic conditions presented by the media.
Attachment:- Anglo Saxon Model.rar