William R. Allen is an American economist, professor and author. He is known for his authorship of economic literature and has been a nationally syndicated radio commentator, a newspaper columnist, a Los Angeles television commentator and an occasional magazine essayist. From 1978 to 1992, more than 200 radio stations carried daily broadcasts of “The Midnight Economist” written and delivered by Allen.
Here is an excerpt of his broadcast on the Determinants of Economic Growth followed by Questions for Thought and Discussion.
In a Word document (double-spaced, 12-point font, 1″ margin, 300-500 words) and using the questions for thought and discussion as a guide for your essay, address long-run growth in an economy. What is necessary in an already developed nation versus a developing nation? What is meant by increasing investment? How does trade contribute to economic growth? What is the one core element to successful economic growth?
Be thoughtful, be creative and, of course, be original.