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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This paper looks at factors that drive economic growth and show the correlation between economic growth and economic development and how important economic growth is for a developing country because when there is economic growth then the country has potential to develop. This paper continues to explain why there

This paper looks at factors that drive economic growth and show the correlation between economic growth and economic development and how important economic growth is for a developing country because when there is economic growth then the country has potential to develop. This paper continues to explain why there is economic growth in some countries and not in others with specifically focusing on the effects of having a blessed resource endowment. Having an abundance of resources should be a comparative advantage, however as seen in Latin America, South East Asia, and sub-Saharan Africa that this surprisingly does not lead to high levels of economic growth. This phenomenon is referred to as the Resource Curse and can be fully explained through assumptions derived from the macroeconomic Heckscher-Ohlin model as well as recent trends in emerging economies. Leading to the conclusion that developing countries abundant in resources are very susceptible to the Resource Curse through the increase inequality that ultimately stunts development. Literature suggests that one of the only solutions to overcoming the Resource Curse is the strengthening the effectiveness of the policies in place, which is a subsequent effect of having quality institutions.

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.
ContributorsCortez, Sarah A (Author) / Mueller, Valerie (Thesis director) / Sheriff, Glenn (Committee member) / Department of Economics (Contributor) / Dean, W.P. Carey School of Business (Contributor, Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
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My Honors Thesis was a creative project in which I created a new course, The Road to Women’s Economic Empowerment (SGS 494). This course explores how different societal features affect the agency and economic development of women worldwide. We begin by defining women’s agency and conceptualizing the barriers to women’s

My Honors Thesis was a creative project in which I created a new course, The Road to Women’s Economic Empowerment (SGS 494). This course explores how different societal features affect the agency and economic development of women worldwide. We begin by defining women’s agency and conceptualizing the barriers to women’s economic empowerment. Barriers include gender norms, health conditions, degradation of environmental and/or natural capital, discrimination, and skewness in political representation. Each barrier is given further investigation through case studies in a variety of countries. We end the course by looking at policies and laws in different countries, evaluating their success and failures to improve women’s economic and social autonomy. This is an online course which includes video interviews and podcasts from scholars and activists, a quiz every other week, video posts which enable discussion of material with peers, and a final project to apply the concepts introduced in class.

ContributorsBecerra, Lindsay (Author) / Mueller, Valerie (Thesis director) / Hinojosa, Magda (Committee member) / Barrett, The Honors College (Contributor)
Created2023-12