Concept of a resource curse or dutch disease

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Reference no: EM133204182 , Length: 5 Pages

Assignment:

Respond with solid reasoning and elaboration (1500 words).

1. Our course began under the shadow of war, with Russia shamefully invading Ukraine on February 24th. Yet, the role of technology of globalization are playing a central role in Russian belligerence and Ukrainian resistance. Based on your reading of Chapter 1, respond to the following:

a. In your opinion, what are the 2. most significant innovations for each of the Industrial Revolutions (1IR to 4IR)? They can be revolutions in thinking and/or in technology. Why do you think so?

b. Which one of the 1IR-4IR innovations allows Russia to manage its economy and earn revenues to fund the invasion? Do you think that innovation also contributes to Russia's Dutch Disease (Resource Curse)? Explain why!

c. Suppose you are discussing with President Zelinski of Ukraine on how innovations in products and thinking have changed the world. What are 2 technological innovations you think are helping Ukraine defend itself? Explain and exemplify.

d. Finally, How would you implement the Metaverse and IOT innovations in your workplace (or a workplace or industry of your choice) to increase performance?

2. We discussed the concept of Moral Hazard. Explain moral hazard in your own words. In a world defined by globalization and technology, offer 2 reasons why protectionism can become a moral hazard (cue: emphasize open information networks, global finance, and global trade). Offer a brief but reasoned opinion.

3. We discussed the concept of a Resource Curse or Dutch Disease. Based on your reading of the relatively languishing economies in southern Europe (take Greece and Italy, for example), how can tourism be a resource curse? As a consultant, offer 2 ways to "digitally transform" their tourism sector that will also help diversify skills andprepare their workforce for the future? Offer a brief but reasoned solution.

Reference no: EM133204182

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