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1. Why do we consider some types of economic indicators to be non-binary? What are two examples of non-binary measures we have seen in class?

 

2. Why are there so many businesses in the informal sector in Latin America?

 

3. What was the argument for LA countries to engage in ISI?

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Joshua Stredder
Joshua StredderLv10
5 Mar 2021

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Related questions

For questions 1, 2, 3, and 6 you are welcome to use Wikipedia. However, you should cite at least two other sources in each question. Your sources should be identified at the end of each answer. As you can see by now many of the assignments are very important to our understanding of the topics, but they have not been integrated as well into the course as I would like. This assignment is very different. Much of the discussion here is to better understand Latin America, a region of the world that we will need to skip because of time constraints. Some of you will be writing a country report about one that uses ISI. Some of this information may be useful to include in your report. Other sources you could consult are in the reference section of the library or you can ask a librarian for help. 1. What is Import Substitution Industrialization? (between 200-400 words) 2. Raul Prebisch was one of the prominent proponents of ISI, write a short biography of him (between 200-400 words) 3. Explain why Prebisch and others proposed ISI (up to 250 words). 4. Visit the site EconoMonitor and once there search for the article On Populism in Argentina (and other Latin American Countries) by Nicholas Magud published June 25th, 2008. Summarize it. 5. Brazil, Argentina, Peru, Mexico, and Bolivia among many countries followed both ISI and Economic populism. Visit the IMF site at www.imf.org and click on Data and Statistics, then click on World Economic Outlook Databases, select the October 2014 database,and select By Countries, next Latin America and the Caribbean. Find inflation in percent change for Argentina, since 1980 to date and graph the data in several sub-periods so it can show the different inflation rates better. In a couple paragraphs describe what you see. 6. Brazil, Chile, Peru, Bolivia, Argentina, and India followed ISI and different levels of Economic Populism, choose one of these five countries and explain when your selected country followed ISI and when it stopped following ISI? Why did your country stop using ISI? What were the consequences of ISI and Economic Populism in your country? (no less than 250 words and up to 700 words)


PART ONE (from 500 to 1000 words): ANALYSE CURRENT ECONOMIC CONDITIONS IN HOMETOWN( any country is ok )
-Include relevant information such as your hometown’s major geographical features and population-size, demographic distribution and trends (i.e what proportion of the population are working-age, are there more young people or old people, is this changing, and is the population shrinking or rising.)
-Is your hometown an attractive place for visitors?
-Are there suitable opportunities for young working families to settle down there?
-Would some local people object to the arrival of new businesses and incoming residents? If so, why, and is it likely to be a problem?
-Estimate the median wage and household income, and unemployment rate, in your hometown. Is it adequate?
-What kind of goods and services are provided outside of the formal market economy? Do you see any potential to develop any existing services provided within the informal household/ neighbourhood sector into profitable business enterprises?
-What sectors and industries are responsible for employing most of the people working within your hometown, and what proportion of the population commute elsewhere to work?
-Do services currently account for a substantial share of the jobs and income in your hometown? Is there a demand for more services, and do people have to travel elsewhere to satisfy this demand?
-How close is your hometown to any international border? To what extent are residents and businesses in your hometown impacted by globalization and international trade, and have they responded to new opportunities related to these phenomena? In what specific ways have local people and companies in your hometown ‘gone global’ or been proactive in international exchange?

Consider the following argument: There are many arguments for the elimination or modification of current U. S. drug laws, but one of the most persuasive involves what negative effects drug laws are having on society in comparison with the effects of the drugs themselves. In the past ten years, most forms of drug use have dropped significantly, especially among teens. Despite this, non-violent drug offenders accounted for 21.1 percent of the federal prison population. First time drug offenders serve, on average, a sentence three months longer than kidnappers, nine months longer than burglars, and thirty-three months longer than sex abusers. In 1992, the average cost of keeping an inmate in either state or federal prison was about $20,000 per prisoner per year. The United States has the highest incarceration rate in the world, with 455 prisoners per 100,000 population. It is maintaining these prisoners at great expense in an environment where they are unlikely to develop a socially constructive attitude. Perhaps it is time that we reconsider our attitudes toward those who choose to use drugs; failure to do so may cost society even more than it already has. Determine whether or not the argument uses any deceptive statistics. Give your opinion on whether or not the argument has persuaded you. Explain why or why not. Determine the primary ways in which statistics or authority are used in your current position in developing persuasive arguments, and provide examples of such use.

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