Reference no: EM133363823

Case Study: Overview: Chapter 11 focuses on the factors that determine the long-term growth trend in the economy. The chapter examines the long-term growth record, focusing on the extent of growth variation across countries and across decades. The chapter also discusses the importance of economic growth to global investors and examines the relationship between investment returns and economic growth, examines the factors that determine long-run economic growth and presents the classical, neoclassical, and endogenous growth models. It also discusses whether poorer countries are converging to the higher income levels of the richer countries. Finally, it looks at the impact of international trade on economic growth.

Chapter 12 Economics of Regulation

Overview: Chapter 12 provides an overview of the regulation, including classifications of regulations and regulators, roles of regulations, and regulatory tools. The chapter describes the regulation of commerce and areas of focus in commercial regulation. It describes the regulation of financial markets, including securities regulation and regulation of financial institutions. It also describes the assessment of the costs and benefits of regulation. Section 6 describes and illustrates an analysis of regulation.

Based on those two chapters.

Question: Please share the thought that was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of understanding in each assigned textbook chapter.

Why are some countries today much poorer than other countries? Are today's poor countries destined to always be poorer than today's rich countries? If so, explain why. If not, explain how today's poor countries can catch or even pass today's rich countries.