The Philippines as a developing Country: Economic Prospects
Choose a developing country and discuss its .com/economics/economic-growth">economic growth in the last 2-3 years. Include the following information:
•Identify its growth in output per capita and in population growth.
•Is it an open or closed economy?
•Identify its .com/economics/comparative-advantage">comparative advantage and whether it is involved in trade.
•Identify the country's type of economy—how its economy is a market, command, or .com/economics/mixed-economy">mixed economy.
•Is the country's foreign exchange overvalued or undervalued? Has the central bank intervened in the foreign exchange market on behalf of the country's currency valuation?
•Using the information you gathered, discuss whether you believe the country is on a good course of .com/education/social-economic-status">economic growth and whether the macroeconomic policies are helping achieve this growth.