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Compare and contrast two countries of your interest: one classified as a high-income country and another classified: Economic Principle Assignment, UOC, UK
| University | University Of Cambridge (UOC) |
| Subject | Economic Principle |
- Compare and contrast two countries of your interest: one classified as a high-income country and another classified as low- or lower-middle-income, according to the World Bank’s country classifications available here. Based on the theories discussed in Lecture 4, which theory do you think better explains the divergence of aggregate income between these two countries and why? What policies could be implemented to reduce the current income gap?
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