Pros and cons of classification to the economy of namibia

Assignment Help Microeconomics

Reference no: EM133212575 , Length: 1500 Words

Development Economics - Level 7

The aim of this course is to equip you with knowledge of economic growth and development. It focuses on various economic issues such as poverty, unemployment, economic inequality, population, economic models, human capital, agricultural and rural development and international trade. Such knowledge will enable the you to carry out macroeconomic policy analysis and research if you are called upon to do so by your prospective employers. The course also aims to equip you with knowledge of the economic policies required to raise the standard of living of the people.

Intermediate Microeconomics

CASE STUDY 1: WORLD BANK CLASSIFICATION OF NAMIBIA

The World Bank recently classified Namibia as an upper middle-income country. This classification was received with mixed feelings from various corners across the country. According to some, the classification of Namibia as an upper middle-income country places the country at a disadvantage side. Others felt that the classification places Namibia on an advantage side.

Write an essay and critically analyse the pros and cons of this classification to the economy of Namibia - making references to specific focus areas of concern. In your essay, develop arguments that led to this classification and present a case either in favour or not in favour of the formula.

ASSIGNMENT 02

INSTRUCTIONS/REQUIREMENTS
The instructions for this assignment are as follows:
• Sources must be listed according to the APA or Harvard referencing style, unless otherwise prescribed by the department.
• All assignments should be typed and submitted via turnitin platform.
• Font Style to be used is Calibri, font size 11, line spacing 1.5
• Report should be between 1500 (min) to 2000 (max) words
• The structure of the essay is hereby attached to this letter. This assignment covers the following units/modules/topics
• Unit 6
• Unit 8
• Unit 9
• Unit 10
• Unit 11
The learning outcomes for this specific assignment is:
• To help student broaden their understanding of the concepts of economic integration and its implications to a developing economy like Namibia.
• Assess the Namibia's level of participation in international trade and economic relations with the rest of the world particularly Africa.

CASE STUDY 2: AFRICA CONTINENTAL FREE TRADE AGREEMENT (ACFTA)
Most African Presidents recently signed an agreement that led to the establishment of the Africa Continental Free Trade Agreement (ACFTA). The main objectives of the ACFTA are to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of the Customs Union. Write an essay explaining what the agreement entails, the envisaged benefits and cost to member countries, making specific emphasis on Namibia's experience.

Reference no: EM133212575

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