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- What is the mainstream 'Stages of Growth' model of how countries develop? When people who advocate for the 'Stages of Growth' model say that countries should "redistribute from growth," what do they mean?Why are people called as the real products of development?What impact does economic growth have on the cost of living?
- Why Are the Factors of Production Important to Economic Growth?Does global business bring about growth or regression?Go to a recent issue of The Economist magazine. In the back of each issue is a section called “economic indicators.” That section lists the most recent growth data for a substantial number of countries. Which countries around the world are growing most rapidly according to the most recent data? Which countries around the world are growing more slowly? Flip through the stories in The Economist to see if there is any explanation for the pattern that you observe. Write a brief essay on current general economic conditions around the world.