Analysis of Economy of Colombia
You are to choose Colombia to analyze.
1) In a table, list the key statistics for your country. These should include, but are not
limited to the following: population, population growth rate, GNI (GDP) per capita, GDP (GNP) growth rates, infant mortality rate (or similar), literacy (or illiteracy rate), life expectancy, Gini coefficient (if available), Human Development Index (if available), and percentage of the population living below the poverty line. If applicable to your country you may list exports and/or agriculture as a share of GDP. Try to obtain recent statistics and provide dates of the statistics you obtain. (State your sources underneath your table). (2 marks)
2) State 3 key problems that you feel face the country. Explain why you feel that these are the main problems facing the country and why you think the problems matter economically. (9 marks: 1 mark for identifying each problem and 2 marks for saying why it matters economically)
3) Suggest 3 economic policies that you would recommend to help this country. Explain how these policies will help this country, relating the policies to the material and theory discussed in class. It is not acceptable to just say, “we did not do this in class”. If it contradicts theory discussed in class, say so and explain why. Your arguments should have an economic focus, rather than political for example. The majority of your analysis should be spent on the suggested policies. (18 marks: 1 mark for suggesting a specific policy and 5 marks for explaining the economic effects of the policy such as productivity, growth, tax revenue, FDI, MDG stats, etc)
4) Include a bibliography listing where you obtained your country statistics and any other relevant information.
Your statistics should be from official sources, such as the World Bank (especially the World Bank Development Report or country studies), the OECD, the IMF, the CIA Factbook or official government sources. I would highly recommend going to the government publications area in Weldon Library for assistance. Be careful when searching on the web, that you are using credible sources, such as the above.
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