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Using the World Development Indicators database used in class, report on the cha

by | Apr 26, 2022 | Economics

 

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Using the World Development Indicators database used in class, report on the change in the economic structure of a country of your choice over the last 40 years (approximately from 1980 to the last year of available information) and support it with a news article that shows this transformation on the economic structure.
To select a country of your choice:
Go to the World Development Indicators database.
Create two economic structure pie graphs (% of GDP), following the process developed in class, for the first year of available information (1980, approximately) and the last year of available data.
Agriculture (% of GDP)
Industry (% of GDP)
Services (% of GDP)
Write the report by including the following:
A title
Paragraph 1 | An introduction describing the economic characteristics of the country:
Geography
Total area
GDP composition by sector of origin
Labor force by occupation
Unemployment rate
Paragraph 2 | Identify and explain the economic choice made by the country (economic structure change) over the last 40 years by comparing the first and last years of analysis.
Refer to the graphs in this paragraph.
Paragraph 3 | Evaluate the importance of this economic change based on its added value to production, employment, and the potential income generated as a result of this choice, following the process developed in class.
Support your evaluation with data from the World Development Indicators database about the production, employment, and income of the most important economic sectors of the country. You may want to look at the employment data for each sector in the World Bank database.
Back your evaluation with a news media article showing the economic structure transformation you are evaluating and its effect on production, employment, and income.
Paragraph 4 | Discuss the opportunity cost of this choice.
Include the graphs in the report.
A bibliography of the sources used.
Suggested bibliography.
World Development Indicators database, The World Bank https://databank.worldbank.org/source/world-development-indicators
CIA The World Factbook https://www.cia.gov/the-world-factbook/countries/

 

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