02 Oct Discussion Thread: Post-Industrial Knowledge Based Economies and GDI
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Choose One Discussion Option and answer it thoroughly.
Option 1: After completing the assigned reading and performing additional research determine if trade focused on postindustrial, knowledge-based work in the service sector, particularly involving information and knowledge services contributes to whether or not a country will benefit from globalization. Why would a country that is not heavily engaged in postindustrial service sector still benefit from globalization? Biblical Application: Do you believe that globalization has helped or harmed the global church body of Jesus Christ?
Option 2: After completing the assigned reading and performing additional research determine if GPI, which is an alternative metric to GDP but accounts for externalities such as pollution should be used to determine the best trade policy for a country to engage in? In addition, choose one of the strategies discussed in the text for mature, knowledge-based economies to generate exports of high value-added products and services and maintain high economic growth rates. Explain why the proposed strategy would not work. Biblical Application: Given that knowledge-based economies must incentivize, promote, and stimulate scientific research, discovery, and knowledge creation, what impact do you believe that this will have on the Christian faith?
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