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?
You should have finished reading and annotating Theories that Don't Work.
TQE Discussion: You will participate in a short small group discussion of Theories that Don't Work.
Position Paper: We will have a discussion next class. In order to be prepared for the discussion do the following.
COPY this blank position paper and COMPLETE the assignment to prepare for the discussion. Please print out your completed document and bring it to the discussion. This is your "Entry Ticket" for the discussion. If you do not have it your grade will be INC.
Upload your position paper to turnitin.com.
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 discussion.
WORK DUE NEXT CLASS
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.