Summary: Today we will discuss the factors that have driven Singapore's economic growth and development.
Inquiry Question: What are the sources of Singapore's economic growth and development?
Your position paper should be completed and printed out when you come to class.
Discussion: What are the sources of Singapore's economic growth and development?
Required: Reply to two of your classmates on Flipgrid, agreeing with one and disagreeing with the other.
Optional: Listen to this podcast. Focus on this question as you listen: How do new ideas differ from changes in the capital stock in regard to their effects on economic growth?
Paul Romer, Stanford University professor and Hoover Institution Senior Fellow talks with EconTalk host Russ Roberts about growth, China, innovation, and the role of human capital. Also discussed are ideas in creating growth, the idea that ideas allow for increasing returns, and intellectual property and how it should be treated. This 75 minute podcast is a wonderful introduction to thinking about what creates and sustains our standard of living in the modern world.