Module 5 Econ Project
Module 5 Research Project. | United States | Singapore | Brazil | Name, location, geography Lesson 05.02
1. Include a topographical map of your countries2. What are some geographic features of the countries that may impact production and trade? |
2. Surrounded by two bodies of water, easy access, thousands of miles of coastal land, and many natural resources available. |
2. Deep and easy navigational waters along with a great location, acting as the focal point for Asian sea routes. | 3. Huge coastline, easy access t and from the water for import/export and production ratings. | Economic System
1. Is the country primarily a traditional, command market, or mixed economy?2. Identify and explain which economist’s theories you studied are more closely aligned with each country.3. Are there any significant events happening in the country in regards to its economy or politics? | 1. Mixed Economy
2. John Keynes is a very strong supporter of a capitalist based economy, just like America.
3. The United States being trillion of dollars in debt is the biggest problem right now. Along with not being able to agree upon a budget annually like our government is supposed to. | 1. Free Market
2. Adam Smith believed the less government the better, therefore he is the most known and most relatively similar to Singapore
3. Negative domestic real rates have caused bubbly property prices, if these prices do not come down then Singapore could face an economic crisis. | 1. Mixed Economy2. Transitioning from an agrarian economy to an industrial economy is dangerous and could lead to an economic downfall, just like Karl Marx stated.
3. On the other hand, Brazils economy is at an all time high and is continuing to grow, slowly but surely. | Economy IndicatorsLesson 5.03 What are the rates of:
1. Unemployment
2. GDP per capita
3. ETW Index
4. Balance of trade | 1. 7.50%
2. $ 47,284
3. 75.5
4. $ 230 billion | 1.
1. Include a topographical map of your countries2. What are some geographic features of the countries that may impact production and trade? |
2. Surrounded by two bodies of water, easy access, thousands of miles of coastal land, and many natural resources available. |
2. Deep and easy navigational waters along with a great location, acting as the focal point for Asian sea routes. | 3. Huge coastline, easy access t and from the water for import/export and production ratings. | Economic System
1. Is the country primarily a traditional, command market, or mixed economy?2. Identify and explain which economist’s theories you studied are more closely aligned with each country.3. Are there any significant events happening in the country in regards to its economy or politics? | 1. Mixed Economy
2. John Keynes is a very strong supporter of a capitalist based economy, just like America.
3. The United States being trillion of dollars in debt is the biggest problem right now. Along with not being able to agree upon a budget annually like our government is supposed to. | 1. Free Market
2. Adam Smith believed the less government the better, therefore he is the most known and most relatively similar to Singapore
3. Negative domestic real rates have caused bubbly property prices, if these prices do not come down then Singapore could face an economic crisis. | 1. Mixed Economy2. Transitioning from an agrarian economy to an industrial economy is dangerous and could lead to an economic downfall, just like Karl Marx stated.
3. On the other hand, Brazils economy is at an all time high and is continuing to grow, slowly but surely. | Economy IndicatorsLesson 5.03 What are the rates of:
1. Unemployment
2. GDP per capita
3. ETW Index
4. Balance of trade | 1. 7.50%
2. $ 47,284
3. 75.5
4. $ 230 billion | 1.
Citations: - http://www.ushistory.org/us/22a.asp - http://www.forbes.com/sites/kenrapoza/2013/02/01/brazils-conundrum-the-strong-weak-economy/ - http://en.wikipedia.org/wiki/Industry_in_Brazil - http://www.mapsofworld.com/brazil/economy/ - http://en.wikipedia.org/wiki/Economy_of_the_United_States - http://en.wikipedia.org/wiki/Economy_of_the_United_States - http://ec.europa.eu/trade/policy/countries-and-regions/countries/singapore/ - http://www.ustr.gov/trade-agreements/free-trade-agreements/singapore-fta -