Examine how exports, imports, the balance of payments, and capital flows impact individual national economics and global economics.
The following additional resources may help you to familiarize yourself with how multiculturalism and diversity play a significant role in aiding economic growth and development.
Arocena, F., & Porzecanski, R. (n.d.). . http://www.multiculturalismoenuruguay.com/Docs/Articulos/IJCSArocena.pdf
Fensham, P. (2017). . https://www.sgsep.com.au/publications/insights/economic-benefits-of-cultural-diversity
Kivoto, E. (n.d.). . http://www.academia.edu/11302119/ETHNIC_CONFLICT_AND_ITS_IMPACT_ON_ECONOMIC_DEV ELOPM ENT_IN_AFRICA_A_CASE_STUDY_OF_KENYA
Also, read the below from the Purdue Global Library:
Donnelly, R. (2015). Tensions and challenges in the management of diversity and inclusion in IT services multinationals in India. Human Resource Management, 54(2), 199215.
Part 1: Research
You will need to locate one or more scholarly articles from the Purdue Global Library that will help you to analyze factors that determine the disparities of economic growth among countries. The article(s) should provide you with information to answer Part 2 of your assessment. You will write about the process you went through to locate your article(s), thoroughly covering the topics below.
You must follow the following criteria for your research:
- Explain how your search terms were refined.
- Identify your choice of databases (for example: EBSCO or ProQuest ABI/Inform).
- Identify the range of dates used.
- Identify the experts.
- Identify how you sorted the relevant topics.
Locating scholarly articles:
Scholarly articles must be current and of high quality. These include peer-reviewed academic articles, articles published in journals, and other library resources found in the Purdue Global Library.
How to access the ABI/Inform database, selecting peer-reviewed journal articles:
- Locate the Library link from Academic Tools.
- Scroll midway down the page and locate ProQuest ABI/Inform Collection.
- Make sure Full text and Peer Reviewed are checked.
- Enter your key word(s) in the search area and select the search button.
- Under Source Type, select Scholarly Journals.
Review this interactive tutorial on to learn more on how to access and search using the database along with additional resources.
Part 2: Conclusions
Based on the articles provided and the research you conducted using the Library and Internet, identify key 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 a developing economy, such as Angola, Afghanistan, Bangladesh, etc.
Explain how economically different the two countries are, by examining at least five different economic indicators, such as gross domestic product, gross domestic product per person, exports, imports, the balance of payments, and the differences in at least three of their social indicators, such as population, population per square kilometer, etc. Then, expand your research into the cultural differences, including political structure, average education, and social influences, to determine why these two countries are so different economically.
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