BU204M3 Economic Growth and Its Determinants - BU204M3 Economic
Assessment
BU204M3 Economic Growth and Its… BZ
This Competency Assessment assesses the following outcomes:
BU204M3: Analyze factors that determine long run economic growth by
conducting research using macroeconomic indicators data.
GEL-1.02: Demonstrate college-level communication through the
composition of original materials in Standard English.
GEL-6.05: Adapt research skills to discover and sort relevant sources to
complete tasks.
PC-4.1: Assess the value of multiculturalism and diversity in a global
environment.
Directions
In this Assessment, you will take the role as an assistant researcher to
conduct a study on the major determinants of the variations in the economic
growth of countries. Your research must be detailed, and presented in a
4-page research paper that analyzes the factors that indicate the disparities of
economic growth among countries. In addition, you will discuss the value of
ecognizing and accommodating multiculturalism and diversity in a globalized
economic environment and their roles in promoting long-run economic growth
and development.
The below resources will help you familiarize yourself, or discover, how
multiculturalism and diversity play a significant role in aiding economic growth
and development. Then, you will conduct your own research to analyze factors
that determine the disparities of economic growth among countries.
Diversity has become the characteristics of the majority of the countries in the
world. Globalization and economic interdependence of countries calls for
understanding and accommodating diversities. Economic development
theories and empirical studies also widely discuss and debate the impacts of
multiculturalism and diversity on economic growth and development. The
positive roles of multiculturalism and diversity in economic growth and
development are praised in democratic countries that have cultivated systems
that accommodate and capitalize on diversities and multiculturalism (see the
article below).
Economic benefits of cultural diversity. (n.d.). SGS Economics & Planning.
Retrieved from https:
www.sgsep.com.au/publications/economic-benefits-
cultural-diversity
On the other hand, developing countries in Asia, Africa, and Latin America,
cultural and religious diversities are the internal instability, polarization,
conflicts, disintegration, etc., which have adverse impact on economic growth
and development. Since the developing countries do not have systems that
effectively accommodate multiculturalism and diversity and dominant ethnic
groups control power and resources, they lead to the lack of equal
opportunities and significant socioeconomic gaps in countries (see the links
elow for research examples on the issues for Latin America, Asia, and
Africa).
Arocena, F., & Porzecanski, R. (n.d.). Ethnic inequality, multiculturalism and
globalization. The cases of Brazil, Bolivia and Peru. Retrieved from
http:
www.multiculturalismoenuruguay.com/Docs/Articulos/IJCSArocena.pdf
Kivoto, E. (n.d.). Ethnic conflict and its impact on economic development in
Africa: A case study of Kenya. Retrieved from
http:
www.academia.edu/ XXXXXXXXXX/ETHNIC_CONFLICT_AND_ITS_IMPACT
_ON_ECONOMIC_DEVELOPMENT_IN_AFRICA_A_CASE_STUDY_OF_KEN
YA
Read from the Li
ary:
Donnelly, R XXXXXXXXXXTensions and challenges in the management of diversity
and inclusion in IT services multinationals in India. Human Resource
Management, 54(2), 199–215.
Based on this background information, and research you conduct using the
Li
ary and Internet, identify key factors that determine long-term economic
growth by comparing two different countries of your choice. One advanced
economy such as England, Canada, Germany, etc., and the other country is
considered a developing economy, such as Angola, Afghanistan, Bangladesh,
etc.
Conduct research to determine how economically different the two countries
are, by examining at least five different economic indicators, such as gross
domestic product, gross domestic product per person, etc., and the differences
in at least three of their social indicators, such as population, population per
square kilometer, etc. Then, expand your research into the cultural differences,
including political structure, average education, and social influences, to
determine why these two countries are so different economically.
The first half of your paper will describe, how you determined what data to
collect, the sources of that data, how you sorted that data, the time periods
that the data describes, how you chose to analyze the data, and your resulting
conclusions regarding the differences between these two countries. The
second half of your paper will focus on your analysis of the cultural, social, and
political diversity between these two cultures and how these differences
contribute to the economic differences you found based on specific evidence
from the data you collected.
Use the Li
ary and databases to conduct your research to identify the key
factors that determine long-term economic growth. You can find the most up-
to-date reports on the economic growth trends of different countries under the
World Bank website below.
World Bank XXXXXXXXXXWorld development indicators. Retrieved from
http:
data.worldbank.org/products/wdi
After you have conducted research and read from the above website, access
the “Data & Research” tab in the World Bank website and compare growth
ates between two countries of your choice. Specifically, select one advanced
economy, and select one developing economy.
Download their data for five major economic indicators, and three major social
indicators from the most recent five years. Then, identify and describe possible
factors that may explain the differences between the GDP growth rates and
long-term economic growth of the advanced and developing economies for the
countries you selected.
Conclude your paper by discussing the value of recognizing and
accommodating multiculturalism and diversity in a globalized economic
environment and their roles in promoting long-run economic growth. In line
with the developed and developing countries you selected for your research,
discuss the benefits and challenges, and recommend solutions in regard to
multiculturalism and diversity in the two countries and their impacts on the
economy.
Minimum Submission Requirements
• This Assessment should be completed in a 4-page research paper and
submitted in a Microsoft Word document.
• Respond to the questions in a thorough manner, providing specific
examples of concepts, topics, definitions, and other elements asked for
in the questions. Your paper should be highly organized, logical, and
focused.
• Your paper must be written in Standard English and demonstrate
exceptional content, organization, style, grammar, and mechanics.
• Your paper should provide a clearly established and sustained
viewpoint and purpose.
• Your writing should be well ordered, logical and unified, as well as
original and insightful.
• A separate page at the end of your paper should contain a list of
eferences, in APA 6th edition format. Use your textbook, the Li
ary,
and the internet for research.
• Be sure to cite both in-text and reference list citations were appropriate
and reference all sources. Your sources and content should follow
proper APA citation style. Review the APA formatting and citation style
found in the Academic Success Center. (It should be in Times New
Roman 12-point font, include co
ect citations, Standard English with
no spelling or punctuation e
ors, and co
ect references at the bottom
of the last page.)
If work submitted for this competency assessment does not meet the minimum
submission requirements, it will be returned without being scored.
Plagiarism
Plagiarism is an act of academic dishonesty. It violates the University Honor
Code, and the offense is subject to disciplinary action. You are expected to be
the sole author of your work. Use of another person's work or ideas must be
accompanied by specific citations and references. Whether the action is
intentional or not, it still constitutes plagiarism.
Checklist Ru
ic
Link
Competency Assessment Dropbox
Assignment
For more information on the University’s Plagiarism policy, refer to the
cu
ent University Catalog.
Directions for Submitting Your Competency Assessment
Before you submit your Competency Assessment, you should save your work
on your computer in a location and with a name that you will remember. Make
sure your Assessment is in the appropriate format (Word). Then, when you are
eady, you may submit to the Competency Assessment Dropbox.
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