ECON

Homework 5

1. While the government is an important force in setting off Industrial Revolutions, the government suffers from corruption and other problems occurring in the civil service.

a. Refer the document for HW 5. The document is available in ICON and the following site, and list ten measures taken by China to prevent corruption, and make the government more effective.

www.unodc.org/documents/treaties/UNCAC/WorkingGroups/workinggroup4/2011-August-22-24/Replies_to_CU_2011_45/20110616_China_English.pdf

b. What has happened to the corruption perception index in China since 2012?

2. Go to the following website of the Worldbank.

https://databank.worldbank.org/source/world-development-indicators

Download the following data for Bangladesh from 1971 (year of Bangladesh Independence) till 2020.

Population, total

Agriculture, forestry, and fishing, value added (% of GDP)

Industry (including construction), value added (% of GDP)

Services, value added (% of GDP)

GDP per capita (current US$)

a. Define Malthusian Trap

b. Draw line graphs of above data.

c. Explain if Bangladesh has broken the Malthusian Trap

d. Explain the effectiveness of the Government of Bangladesh in setting off an industrial revolution.