The reconciliation of economic and environmental challenges (especially climate change) in the 21st Century.
Paper details
The central theme uniting these diverse topics is how markets sometimes do fail and presenting an informed argument whether self- regulation can provide equitable and efficient outcomes or if there is a need for sophisticated government intervention. The first part of the essay will introduce the issue and then present the underlying economic theory or explanations (i.e. a theoretical framework to explain why). The second part will present the actual evidence, preferably using graphs and tables to convey descriptive information (i.e. positive economics).
The conclusion is your evaluation of the evidence and what policies or changes should be recommended (i.e. normative economics).There are a choice of four topics to choose from: 1. The reconciliation of economic and environmental challenges (especially climate change) in the 21st Century; 2. Singapore ride-sharing industry after Uber exited Southeast Asia and it sold its local business to Grab. 3. The alleged excessive market power of the US tech giants (e.g. Google and Facebook) and the competition and other challenges for national governments; and 4. Regional economic change and challenges and opportunities for local businesses. Details will be discussed in Workshops Two and Three. There will also be details on Bb about how to approach each of these individual topics.