AB 204 All Assignments AB 204 All Assignments | Page 8

PART 1: Comparing Long-Run Economic Growth Rates of Countries
Use the electronic library and databases to conduct 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 linked below.
http://data.worldbank.org/products/wdi
Please also refer to the Webliography in the course web page for
additional information on the researches done on economic issues.
After you have conducted research and read the items listed above,
access the “Data & Research” tab in the World Bank website and
compare growth rates between two countries of your choice.
Specifically, select one advanced economy (such as U.S., Germany,
etc.), and select one developing economy (such as Angola, Bangladesh,
etc.).
Download their data for major economic indicators (2005–2013) such
for the real GDP growth (annual %). 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.
**Somalia does not participate in the bond market, commercial
banking or lending, net domestic credit, and there is also no cash
surplus. The United States however does participate in all these which
is why the GDP is higher and also why it has a great investment market.
The difference between these factors is there is not depth in the