This is a 9 page paper discussing Solow’s Economic Growth Model including country comparisons, formulas, stylized facts and “the golden rule”. Robert Solow’s economic growth model (1956) takes into account various important economic determinants of growth which include capital, labor, human capital, life expectancy, technology, trade and geography among other components which help to answer certain discrepancies which appear throughout the world economies today such as why some countries are rich and others poor; why some countries grow faster than others; how some countries manage to sustain economic growth; and why growth miracles and disasters can occur. Stylized facts included with Solow’s assumptions and model are those which have found that there are large variations in per capita income across economies; rates of economic growth vary a great deal across economies; growth rates are not constant over time; countries can move between being rich and poor; growth in output and trade are related among others. Solow’s growth model emphasizes all of the aspects of the importance of economic growth within a society. It also includes components of the supply and resources of a nation which can expand opportunity for a country’s production. Above all, savings are critical in that they must be high enough to replace the depreciated capital and also provide for the workers. Lower savings means lower worker productivity and lower living standards. The Solow growth model basically defines the conditions of different nations’ approach to an equilibrium level of capital stock (a steady-state). While developed nations such as the United States have reached this level of steady-state, other developing nations are still experiencing rising levels of high savings and rising capital/labor ratios. Bibliography lists 6 sources.

A 4 page paper. The writer responds to this question: Should a country's economic growth rate be higher than its inflation rate? The essay discusses ideal growth rates, reports growth rates and inflation rates in the U.S. for 2006 and 2007 and discusses the growth and inflation rates in Vietnam. Bibliography lists 4 sources.

A 9 page paper that looks at the economic, political and social changes in the newly developing South Africa outside of the rule of apartheid. Since the first free election in that country in 1994, a number of changes have occured that are directly related to the new political order of the country and have pushed South Africa into the forefront of developing nations. Bibliography lists 8 sources.

Tourism is a growing industry and has a great deal of potential to aid with the economic development of developing countries. This 4 page paper considers the potential strengths and weaknesses of a developing country using a tourism strategy to increase revenue. The bibliography cites 5 sources.

An 8 page research paper that contrasts and compares the economic growth of countries in Asia to those in Latin America and Africa, specifically addressing why growth elsewhere in the world has not matched the performance of Asia economies. The writer argues that the blame lies primarily with government mismanagement, corruption and greed. Bibliography lists 7 sources.