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3 pages/≈825 words
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MLA
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Mathematics & Economics
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Research Paper
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English (U.S.)
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Economic Development in Cambodia Research Assignment

Research Paper Instructions:

Research the Cambodia. your task is to determine how well it has been able to achieve “Growth with Development” for its people. To do this, you will need to first figure out how to define “Growth” and how to define “Development.” Your task in this paper is to do exactly that.Fortunately, defining ‘growth' is relatively easy and we will stick with a conventional economic definition: a sustained increase in real GDP (or real per capita GDP) over time. ‘Development' becomes harder to define and your task is to do just that: define it and then figure out how one goes about measuring it.For measuring it, you will probably want to look at key variables such as such as, for example (in no particular order), infant mortality rates, male and female life expectancy and literacy rates, primary and secondary school enrollment rates, access to potable water and healthcare, unemployment/underemployment rates, child malnourishment rates, income distribution (Gini and/or quantile ratios), poverty rates (assorted types), Human Development Index and Multi Dimensional Poverty Index scores, Happiness Index, etc., and compare this to an appropriate benchmark(e.g., the average for Low Income countries or Lower Middle Income countries, or other countries with roughly similar levels of per capital GDP) and see how well or badly it compares. Please note that this list of indicators is no tan exhaustive or exclusive one; feel free to use other indicators. Your assignment is to:i) come up with your definition of ‘development' and why you think your definition best captures the essence of what that term means;ii) choose which three key ‘development' indicators are most appropriate for your country and explain why, in your carefully considered opinion, this is the case; and what would be an appropriate benchmark to compare your country against (geographic neighbors, countries with similar per capital GDPs, former colonies, etc.).Your paper will be 700+50 words, typed and double-spaced; please include a word count at the end and make sure to property cite all sources used. Remember: it it's your original idea, it must be cited!

Research Paper Sample Content Preview:
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Economic Development in Cambodia
The terms growth and development are occasionally used interchangeably in many contexts. In a lay man's understanding, the meaning that can be deduced of the two terms is an increase in value or size or even both. Notably, the economic status of individuals, countries, and cities is dependent conversely on the two terms. Fortunately, the two terms can be put into various specific aspects and a more particular meaning derived out of them. The ordinary meaning of economic growth is, maintained the rise in actual GDP or the actual per capita throughout a period of time. On the other hand, development takes a broader context as pertains to its measurement thus, more complex to define compared to the growth. To measure development you must examine several variables, including literacy levels, mortality rates, access to infrastructure and basic needs like schools and healthcare, employment rates among others. The simplest definition of economic development is a rise in a nation's or individual's wealth and living standards. Both the wealth status and living standards of an individual or a nation can be best evaluated using the variables highlighted above and many more. However, to come to a conclusion that there is economic development, there must exist a comparative value against each of the variables being measured. The comparison can be done against the difference in periods of time or even against parties. It is also important to note that the comparison must take a wide range of the variables to holistically look at economic development (Beeson, et.al., 23-65).
Generally put, the key variables for measuring the economic development of our country are employment rates, health status, and education level. The first and the last of the variables singularly have a direct converse impact on the economic status of a nation. The other remaining one is quite wide with other sub-key variables within it which directly influence the final outcome of health and subsequently the economic status. As described below you will understand how and why the three are inevitable measurement variables for economic status (Berendsen, et.al., 27).
First, we must all agree on the fact that employment and economic state of any nation have a direct relationship which is synergistic in nature. By the year 2015, after over twenty years of strong economic growth in Cambodia, we got to the lower middle-income class which can be compared objectively to its neighbor countries like Vietnam and Thailand. Every time the economy pulls back from economic lag or withdrawal, the process is complemented by several deliberations on creating employment to improve the...
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