Select an underdeveloped or developing country, either your own country if you believe that your country fits the definition or any other country.

• Calculate the most recent GDP per capita of your country and go to the table 22-1 (chapter 22) to find out at what level of GDP per capita your country is standing compared with the rest of the world. Calculate the average per capita GDP of your country for the years of 1960-2018 and compare it with other countries (table 22-2).
• Explain in detail the distinguishing features of developing and underdeveloped countries regarding
  • Government control over employment, production, financial markets, and nationalized industries.
  • Political, judicial, and educational institutions
  • The pattern of production, import-substitution, export-oriented, or single commodity
• Considering those features give a detailed quantitative analysis of reasons that define your country as developing or underdeveloped. It should include the historical data at least for five years regarding:
  • The growth of GDP
  • The pattern of production between manufactured goods, services, and primary products
  • The ratio of export revenue to GDP, the degree of dependency
  • The inflation rate
  • The currency variation
  • The trade and current account balance
• Explain the view that influential economists argued that developing countries would suffer continually declining terms of trade unless they used commercial policy to move resources out of primary exports and into import substitutes.
• Analyze the data for funding that your country receives from foreign sources, grants, debt, or equity and how productive is the use of these funding.
• Explain the existing opportunities of outsourcing, offshoring, and foreign direct investment (FDI) in your country
  • What are the obstacles for FDI in your country, legal, political, inflation, or currency risk?
• Please explain if your selected country is underdeveloped, what is the prospect for your country to get rid of the vicious circle of poverty and move forward towards development?
• If you have already selected a developing country, what is the prospect of your country's GDP per capita catching up with the advanced industrialized countries? Please explain