Summary: Today we will continue to explore the sources of economic growth and development, specifically regarding Singapore. You will be researching today's inquiry question in preparation for the discussion on it next class.
Inquiry Question: What are the sources of Singapore's economic growth and development?
None
Position Paper (summative): We will have a discussion next class. In order to be prepared for the discussion do the following.
Refer to this blank position paper.
Use this format to complete a HAND WRITTEN position paper in class today on one notecard.
You must cite two sources. At least one of the cited works should be a scholarly source (a study by a PhD in Economics).
I will use this rubric to grade the paper/discussion.
Required: Finish the research if you did not complete that in class.
Optional: Listen to this podcast.
Robert Solow, Professor Emeritus at Massachusetts Institute of Technology and Nobel Laureate, talks with EconTalk host Russ Roberts about his hugely influential theory of growth and inspiration to create a model that better reflected the stable long-term growth of an economy. Solow contends that capital accumulation cannot explain a significant portion of the economic growth we see. He makes a critical distinction between innovation and technology, and then discusses his views on Milton Friedman and John M. Keynes. Click here to delve deeper into Solow's ideas.