Barrett, The Honors College Thesis/Creative Project Collection
Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.
Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.
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- All Subjects: economic development
- Creators: Department of Economics
Much of the community in Rocky Point, Mexico, faces chronic poverty and limited economic development. However, using an asset-based community development model, a local non-profit organization is working to empower the people to take the community's development into their own hands. 1MISSION, through its community-driven projects and programs, is helping bring sustainable and meaningful development to Rocky Point.
Focusing on how to improve institutions there needs to be consideration of the fact that institutions have rent seeking behaviors because both local governments and foreign investors want to acquire a greater share of the production and the benefits. In attempt to find some solution of how countries can overcome the Resource Curse without having to totally reconstruct the political system the goal should be to be to focus on actions from the private sector. The private sector tends to magnify rent seeking behavior and to solidify any solution I performed interviews from industry leaders who have been working in economic development for the past decades. The purpose was to understand what companies are doing now to ensure sustainable development and how that has changed over the past decades.
In the end, the private industry is focusing on regulations that standardize polices for companies pursuing foreign direct investment requiring them to also focus on local economic growth and development. This requires foreign investors to understand the local culture, environment, and institutions leading to overall better choices for long term profitably, thus fulfilling their rent seeking tendencies. One of the biggest proven solutions is the Social License to Operate which is essentially an agreement created by the private investor that requires the local community to be informed and holds the investor accountable. In the end, if the private sector can positively impact a community whilst maintaining their own agenda then a country can overcome the Resource Curse.