1. The internet has penetrated many aspects of business and culture but mainly in developed countries. Will technology widen the economic divide between rich and poor countries? How may developing countries harness technologies as a tool for economic development? 2. You are the executive of a major international lending institution, supported by funds from member countries. Suggest at least one priority area where you would direct development aid to newly industrialised and/or developing economies. Why? 3. Analyse the differing arguments (a) GDP per capita is the only true measure of a developed country's economy (b) the only true measure of a developed country's economy is its people's quality of life? Are either, both or neither correct? Why? 4. What are the pros and cons for privatisation of government assets in Australia as compared to Russia and the US? 5. What are the pros and cons of public versus private health systems in Australia as compared to the UK, and China? 6. Select a country (not Australia). What type of economy does it have? Has it always had this economic system? Is it developed or developing? How does it rank on various economic development measures? Has it undergone any form of transition over the past 15 years? If so what have been the effects on its culture, political legal and economic systems