Exercise: Economic Policy, Growth and Distribution of Income
Go to the Commanding Heights Online Time-map. Fill in the table below with a note about the degree of control exercised by the government in each country over its market system from 1991-1999. Use the completed table in conjunction with your GDP Growth calculations to answer the questions below.
Brazil
Chile
China
Mexico
Sweden
Tanzania
United States
Questions for Discussion
Does the degree of government control of markets explain the rate of economic growth in each country? Give reasons to support your statement.
Do you think there is a single factor that explains the differences in economic growth, or that a number of factors influence economic growth?
What other factors might influence differences in the rates of economic growth?
