Briefly discuss the statement that many developing countries are subject to âdominance, dependence, and vulnerabilityâ in their relations with rich nations

â¢ Technology â¢ Knowledge â¢ Financial â¢ Investment

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Deanna HettingerLv2

4 May 2019

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In this chapter, the case study concludes that if developing nations offered better production efficiency and legal protections, the trade balance in rich nations such as the United States would move towards surplus.

A. If the world's developing nations offer better production efficiency and legal protection, what would happen to those countries' investment demand function?

B. How would the change you describe in part (a) affect the demand for loanable funds in world financial markets?

C. How would the change you describe in (b) affect the world interest rate?

D. How would the change you describe in part (c) affect the trade balance in rich nations?

orangeplatypus185

Two students, Ryan Wattenberg and Emma Bennett are discussing the idea of convergence over coffee. Ryan considers convergence to be true in theory but impractical in the real world. He claims that most low-income developing countries are stuck in a cycle of poverty and so cannot catch up with developed countries. With increased globalization, Emma feels that the developing countries are growing and will converge with higher-income countries eventually. Zoey Smith, a friend of theirs, however, thinks that the evidence on convergence is rather unclear. Despite the fact that developing countries are growing much faster than the developed countries, she thinks that they will not be able to catch up with the developed nations in the near future.

Which of the following, if true, would strengthen Emma's argument that developing countries will not catch up with developed countries?

A. Most developing nations are at the point where the cost of capital exceeds the marginal product of capital.

B. The number of bilateral and multilateral agreements relating to technology transfer from developed to developing nations has significantly increased.

C. With low public investment in healthcare, the cost of private healthcare as a proportion of average income is very high in developing.

D. Since cash flows from foreign sources are considered volatile, many developing countries have capital controls and other regulations that restrict the flow of foreign investment.

E. Unlike the developed nations, most developing countries do not have extensive government-sponsored social security programs.

sapphirewallaby89

Despite the economic progress that the U.S. has observed in the past century, the standard of living remains extremely low in many countries. Consider the following regarding poverty in developing countries:
â¢ Why are some countries relatively wealthy while others are not?
â¢ Consider some primary differences between countries. Which differences do you expect to affect economic growth and wealth?
â¢ Can you think of anything else that can help other countries to achieve economic growth?