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Question: Outline endogenous growth theory. Can it be used
to explain the high rate of growth in newly industrialised Asian economies?
(2,000 words)

— Main Content:

— Definition of New Growth (endogenous) Theory, its
characteristics (R&D, innovation and so on) and emphasis on Human Capital
and other related aspects as engines of growth

— Discuss briefly on government role, externalities and
necessities of protection in this model

— Choose some fast growing NIEs in Asia, discuss with some
statistics and evidences of the growth

— Argue your case if you think the growth stories of chosen
countries can be explained in the light of this theory.

— Conclusion: reinforcing your argument here by summarising
them.

— Appendices

Provide more than 10 references using Chicago system.

Turnitin report of less than 10% must be provided

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