use the work earlier to complete
Running head: PROMPTS 1
PROMPTS 2
Prompts
Name
Institution
Prompts
US visa regulations leads to high barriers for international student work in the US and this negatively affect US Economy
Benefits of college outweigh the costs in the labor market
https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci20-3.pdf
The article explores the debate about whether the benefits of earning a college degree are greater than the costs. The authors have included data collected since the 1970s to show the costs of college and average wages over time for the graduates. Therefore, I will utilize the article to demonstrate that although tuition fees have increased significantly, a college degree still offers high economic benefits. Many college graduates have student loans and the earnings in the labor market are declining. Nonetheless, college wages remain premium, as they are higher than the earnings of the workers who do not have a college degree.
China's economic power positive impact on world economy
The article is relevant in the discussion of the above topic because it focuses on China’s rise as an economic power and its effects on the rest of the world. Specifically, the article contains perspectives from various editors. Since 2012 and 2013, China became the leading exporter and importer of goods respectively. According to the authors, China has created new opportunities especially in Latin America and Africa where it is a major trader and investor in different sectors. Moreover, I will use the information in the article to discuss how China is providing development assistance to various nations. China’s economic growth also has a positive influence on international governance structure.
Middle East economies be affected by the new alternative sources of energy.
The article is related to the topic as it describes the state of the Middle East beyond oil. As a result, I intend to use the article to demonstrate how the economy of the Arab Gulf States (AGS) is expected to change once the world starts using alternative energy sources. The Middle East countries have been primarily depending on oil for revenues hence the new energy alternatives will have an adverse impact on the economies. However, some Middle East nations particularly Saudi Arabia has already developing plans to prevent a collapse of the economy after oil revenues decline.
References
Abel , J., & Deitz, R. (2014). Do the benefits of college still outweigh the costs? Current Issues in Economics and Finance, 20(3), 1-11.
Aman, M. (2016). Editor’s viewpoint: beyond oil: Anew Middle East vision. Digest of Middle East Studies, 25(2), 180–185. DOI: 10.1111/dome.12096
Shih, K. (2016). Labor market openness, H-1B visa policy, and the scale international student enrollment in the United States. Economic Inquiry, 54(1), 121–138. doi:10.1111/ecin.12250
Ito, T., Iwata, K., Mckenzie, C., Noland, M., & Urata, S. (2014). China’s impact on the rest of the world: Editors’ overview. Asian Economic Policy Review, 9, 163–179. doi: 10.1111/aepr.12077