T‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍hese are the topics I initially picked: 1. What caused the

T‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍hese are the topics I initially picked: 1. What caused the financial crisis of 2008? 2. How have Advancements of technology aided economic progress in Developing nations? This was my professors response: Both topics are relevant and interesting. I think that (1) may be a bit easier to write on, but I will leave it to you. Regarding (1), my suggestion is to expand it, discussing not only the causes of the global financial crisis but also how it evolved, the impact on the economy, the respective fiscal and monetary policy responses, and their short- and long-term effects. One relevant paper is Mishkin (2011), which was published in the Journal of Economic Perspectives. As for (2),‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ you can discuss the impact of new technologies on economic growth in developing countries. Note that the adoption of such technologies may be hindered by a technology-skill mismatch (new technologies are developed in advanced economies to be operated by skilled workers, and their productivity may be low when operated by unskilled workers; hence, these new technologies may not be very productive in less developed countries) or by technology adoption wedges (distortions, such as corruption, excessive regulation, etc., which prevent countries from adopting, or utilizing the full potential of new technologies). If you want you can choose another topic if those two don’t seem appealing enoug‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍h

Leave a Reply

Your email address will not be published. Required fields are marked *