The discussion is about the growth and development from a particular perspective, namely institutions by answering Question 1 and Question 2 below. This will help us think about fundamental questions such as: Why do some nations grow faster than others? Why are some nations rich and others poor? Please post your thoughts on the following questions (Question 1 and Question 2 ) and try to connect those thoughts to some of the theoretical ideas from online learning and literature. the discussion should be circa 1000 words in total and around 6 – 10 postings Please note that the discussing Question 1 and Question 2 below must be meet the below criteria. Question 1 ( 500 – 600 words required) : The recent literature on growth and development places increasing emphasis on the importance of institutions. Choose a country ( Saudi Arabia) and explain briefly its institutional framework. In doing so try to think about distinctions between formal and informal institutions, and the importance of property rights. Try to offer some thoughts as to how this institutional setting affects incentives and economic growth. Note: 5 references required ( scholarly journals and peer reviewed journals) and must be Harvard style referencing Question 2 ( 400 – 500 words required) : Given your answer to Question 1, identify what you think are the main institutional reforms the country should undertake to facilitate growth and development. What might be the barriers to the country doing this? Please note that the discussing Question 1 and Question 2 below must be meet the below criteria. criteria • Critical Analysis (Understanding of Readings and Outside References) : Discussion postings display an excellent understanding of the required readings and underlying concepts including correct use of terminology. Postings integrate an outside resource, or relevant research, or specific real-life application (work experience, prior coursework, etc.) to support important points. Well-edited quotes are cited appropriately. Postings clearly connect to theory • Participation in the Learning Community: Discussion postings actively stimulate and sustain further discussion by building on peers’ responses including — building a focused argument around a specific issue or — asking a new related question or — making an oppositional statement supported by personal experience or related research. Discussion postings are distributed throughout the discussion period (not posted all on one day or only at the beginning or only on the last day of the discussion period).
