In this Assignment, you will take the role as an assistant researcher to conduct a study on the major
determinants of the variations in the economic growth of countries. Your research must be detailed, and
presented in a 4-page research paper that analyzes factors that indicate the disparities of economic
growth among countries. In addition, you will discuss the value of recognizing and accommodating
multiculturalism and diversity in a globalized economic environment and their roles in promoting long-run
economic growth and development.
The below resources will help you familiarize yourself, or discover, how multiculturalism and diversity play
a significant role in aiding economic growth and development. Then, you will conduct your own research
to analyze factors that determine the disparities of economic growth among countries.
Diversity has become the characteristics of the majority of the countries in the world. Globalization and
economic interdependence of countries calls for understanding and accommodating diversities. Economic
development theories and empirical studies also widely discuss and debate the impacts of multiculturalism
and diversity on economic growth and development. The positive roles of multiculturalism and diversity in
economic growth and development are praised in democratic countries that have cultivated systems that
accommodate and capitalize on diversities and multiculturalism (see the article below).
Economic benefits of cultural diversity. (n.d.). SGS Economics & Planning. Retrieved from
On the other hand, developing countries in Asia, Africa, and Latin America, cultural and religious
diversities are the internal instability, polarization, conflicts, disintegration, etc., which have adverse impact
on economic growth and development. Since the developing countries do not have systems that
effectively accommodate multiculturalism and diversity and dominant ethnic groups control power and
resources, they lead to the lack of equal opportunities and significant socioeconomic gaps in countries
(see the links below for research examples on the issues for Latin America, Asia, and Africa).
Arocena, F., & Porzecanski, R. (n.d.). Ethnic inequality, multiculturalism and globalization: The cases of
Brazil, Bolivia and Peru. Retrieved from
Kivoto, E. (n.d.). Ethnic conflict and its impact on economic development in Africa: A case study of Kenya.
Based on this background information, and research you conduct using the Internet, identify
key factors that determine long-term economic growth by comparing two different countries of your choice.
One advanced economy such as England, Canada, Germany, etc., and the other country is considered a
developing economy, such as Angola, Afghanistan, Bangladesh, etc.
Conduct research to determine how economically different the two countries are, by examining at least
five different economic indicators, such as gross domestic product, gross domestic product per person,
etc., and the differences in at least three of their social indicators, such as population, population per
square kilometer, etc. Then, expand your research into the cultural differences, including political
structure, average education, and social influences, to determine why these two countries are so different
The first half of your paper will describe, how you determined what data to collect, the sources of that
data, how you sorted that data, the time periods that the data describes, how you chose to analyze the
data, and your resulting conclusions regarding the differences between these two countries. The second
half of your paper will focus on your analysis of the cultural, social, and political diversity between these
two cultures and how these differences contribute to the economic differences you found based on
specific evidence from the data you collected.
Use databases to conduct your research to identify the key factors that determine longterm economic growth. You can find the most up-to-date reports on the economic growth trends of
different countries under the World Bank website below.
World Bank. (2017). World development indicators. Retrieved from http://data.worldbank.org/products/wdi
After you have conducted research and read from the above website, access the “Data & Research” tab
in the World Bank website and compare growth rates between two countries of your choice. Specifically,
select one advanced economy, and select one developing economy.
Download their data for five major economic indicators, and three major social indicators from the most
recent five years. Then, identify and describe possible factors that may explain the differences between
the GDP growth rates and long-term economic growth of the advanced and developing economies for the
countries you selected.
Conclude your paper by discussing the value of recognizing and accommodating multiculturalism and
diversity in a globalized economic environment and their roles in promoting long-run economic growth. In
line with the developed and developing countries you selected for your research, discuss the benefits and
challenges, and recommend solutions in regard to multiculturalism and diversity in the two countries and
their impacts on the economy
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