07 May Unit 6 [BU204]Page 1 of 3Unit 6 Assignment: Economic Growth1. You
Unit 6 [BU204]Page 1 of 3Unit 6 Assignment: Economic Growth1. Your Assignment should include a title page with the following information:● Your Name● Course Number● Section Number● Date2. This is a research and writing Assignment, so no template is provided.3. Your paper should follow APA formatting by including a title page, being in double-spaced paragraphformat, with citations to your sources, and include a list of references on the reference page. Yourpaper should have a highly developed viewpoint and purpose, as well as, original and insightful. Itshould be logical and unified, and show exceptional organization, style, and mechanics. Your papershould be written in Standard English with correct spelling, punctuation, grammar, and style.4. Respond to the questions in a thorough manner, providing specific examples of concepts, topics,definitions, and other elements asked for in the questions. Your answers should be highly organized,logical, and focused.This Assignment will assess your knowledge based on the following outcomes:BU204-3: Analyze factors that determine long run economic growth by conducting research usingmacroeconomic indicators data.GEL-1.02: Demonstrate college-level communication through the composition of original materials inStandard 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.In this Assignment, you will take the role as an assistant researcher to conduct a study on the majordeterminants of the variations in the economic growth of countries. Your research must be detailed, andpresented in a 4-page research paper that analyzes factors that indicate the disparities of economicgrowth among countries. In addition, you will discuss the value of recognizing and accommodatingmulticulturalism and diversity in a globalized economic environment and their roles in promoting long-runeconomic growth and development.The below resources will help you familiarize yourself, or discover, how multiculturalism and diversity playa significant role in aiding economic growth and development. Then, you will conduct your own researchto 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 andeconomic interdependence of countries calls for understanding and accommodating diversities. Economicdevelopment theories and empirical studies also widely discuss and debate the impacts of multiculturalismand diversity on economic growth and development. The positive roles of multiculturalism and diversity ineconomic growth and development are praised in democratic countries that have cultivated systems thataccommodate and capitalize on diversities and multiculturalism (see the article below).Unit 6 [BU204]Page 2 of 3Economic benefits of cultural diversity. (n.d.). SGS Economics & Planning. Retrieved fromhttps://www.sgsep.com.au/publications/economic-benefits-cultural-diversityOn the other hand, developing countries in Asia, Africa, and Latin America, cultural and religiousdiversities are the internal instability, polarization, conflicts, disintegration, etc., which have adverse impacton economic growth and development. Since the developing countries do not have systems thateffectively accommodate multiculturalism and diversity and dominant ethnic groups control power andresources, they lead to the lack of equal opportunities and significant socioeconomic gaps in countries(see the links below 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 ofBrazil, Bolivia and Peru. Retrieved fromhttp://www.multiculturalismoenuruguay.com/Docs/Articulos/IJCSArocena.pdfKivoto, E. (n.d.). Ethnic conflict and its impact on economic development in Africa: A case study of Kenya.Retrieved fromhttp://www.academia.edu/11302119/ETHNIC_CONFLICT_AND_ITS_IMPACT_ON_ECONOMIC_DEVELOPM ENT_IN_AFRICA_A_CASE_STUDY_OF_KENYARead from the Library:Donnelly, R. (2015). Tensions and challenges in the management of diversity and inclusion in IT servicesmultinationals in India. Human Resource Management, 54(2), 199–215.Based on this background information, and research you conduct using the Library and Internet, identifykey 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 adeveloping economy, such as Angola, Afghanistan, Bangladesh, etc.Conduct research to determine how economically different the two countries are, by examining at leastfive 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 persquare kilometer, etc. Then, expand your research into the cultural differences, including politicalstructure, average education, and social influences, to determine why these two countries are so differenteconomically.The first half of your paper will describe, how you determined what data to collect, the sources of thatdata, how you sorted that data, the time periods that the data describes, how you chose to analyze thedata, and your resulting conclusions regarding the differences between these two countries. The secondhalf of your paper will focus on your analysis of the cultural, social, and political diversity between thesetwo cultures and how these differences contribute to the economic differences you found based onspecific evidence from the data you collected.Use the Library and databases to conduct your research to identify the key factors that determine longterm economic growth. You can find the most up-to-date reports on the economic growth trends ofdifferent countries under the World Bank website below.World Bank. (2017). World development indicators. Retrieved from http://data.worldbank.org/products/wdiAfter you have conducted research and read from the above website, access the “Data & Research” tabin the World Bank website and compare growth rates between two countries of your choice. Specifically,select one advanced economy, and select one developing economy.Unit 6 [BU204]Page 3 of 3Download their data for five major economic indicators, and three major social indicators from the mostrecent five years. Then, identify and describe possible factors that may explain the differences betweenthe GDP growth rates and long-term economic growth of the advanced and developing economies for thecountries you selected.Conclude your paper by discussing the value of recognizing and accommodating multiculturalism anddiversity in a globalized economic environment and their roles in promoting long-run economic growth. Inline with the developed and developing countries you selected for your research, discuss the benefits andchallenges, and recommend solutions in regard to multiculturalism and diversity in the two countries andtheir impacts on the economy.Directions for Submitting Your AssignmentBefore you submit your Assignment, you should save your work on your computer in a location and with afile name specified by your instructor, or, if none is specified, then a file name that you will remember.Make sure your Assignment is in the appropriate format (Microsoft Word), then, when you are ready, youmay submit to the Dropbox.Unit 6 Assignment: Economic Growth PointsPossiblePointsEarnedContent and AnalysisDescribed what approach in determining what data to collect, the sources ofthat data, how the data was sorted, the time periods that the data describes, theapproach chosen to analyze the data, and the resulting conclusions regardingthe differences between the two chosen countries.10Correctly identified a developed and a developing country. 10Correctly identified economic and social indicators data. 10Provided a detailed discussion of why the growth rates differ across thesecountries.10Correctly explained relevant cultural, political, and social factors that point to thecultural differences between both countries.10Assessed the impact of cultural diversity on relative economic development ofboth countries and how these differences contributed to the economicdifferences found based on specific evidence from the data collected.10Conclusion: Discussed the value of recognizing and accommodatingmulticulturalism and diversity in a globalized economic environment and theirroles in promoting long-run economic growth.10Submitted a 4-page research paper. Paper has a highly developed viewpointand purpose, as well as, original and insightful. It is logical and unified, andshows exceptional organization, style, and mechanics. Written in StandardEnglish with correct spelling, punctuation, grammar, and style. Proper APAformatting.5Total 75
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