Each student can either i) extend his/her presentation further or ii) analyze a different phenomenon, and write a short essay discussing why the phenomenon exists in some countries while not in other countries. You need to relate this phenomenon to economic development. You are expected to show critical-thinking skill in your argument. The essay should be no less than four pages, font 12, double spaced.
It should include:
- no less than 4 pages; but it can be longer than 4 pages
- what’s the market’s role? Can market efficiently allocate resources in your example?
- what’s the government’s role? Shall the government regulate it and how?
- link it to the general economic development: do you observe the phenomenon in countries of different income? Do you think there is a causal relationship between income and the existence of such a phenomenon.