Matching Items (30)
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Description
This paper explores the history of sovereign debt default in developing economies and attempts to highlight the mistakes and accomplishments toward achieving debt sustainability. In the past century, developing economies have received considerable investment due to higher returns and a degree of disregard for the risks accompanying these investments. As the former Citibank chairman, Walter Wriston articulated, "Countries don't go bust" (This Time is Different, 51). Still, unexpected negative externalities have shattered this idea as the majority of developing economies follow a cyclical pattern of default. As coined by Reinhart and Rogoff, sovereign governments that fall into this continuous cycle have become known as serial defaulters. Most developed markets have not defaulted since World War II, thus escaping this persistent trap. Still, there have been developing economies that have been able to transition out of serial defaulting. These economies are able to leverage debt to compound growth without incurring the protracted consequences of a default. Although the cases are few, we argue that developing markets such as Chile, Mexico, Russia, and Uruguay have been able to escape this vicious cycle. Thus, our research indicates that collaborative debt restructurings coupled with long term economic policies are imperative to transitioning out of debt intolerance and into a sustainable debt position. Successful economies are able to leverage debt to create strong foundational growth rather than gambling with debt in the hopes of achieving rapid catch- up growth.
ContributorsPitt, Ryan (Co-author) / Martinez, Nick (Co-author) / Choueiri, Robert (Co-author) / Goegan, Brian (Thesis director) / Silverman, Daniel (Committee member) / Department of Economics (Contributor) / Department of Information Systems (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / School of Politics and Global Studies (Contributor) / W. P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2015-12
Description
A growing number of jobs in the US require a college degree or technical education, and the wage difference between jobs requiring a high school diploma and a college education has increased to over $17,000 per year. Enrollment levels in postsecondary education have been rising for at least the past decade, and this paper attempts to tease out how much of the increasing enrollment is due to changes in the demand by companies for workers. A Bartik Instrument, which is a measure of local area labor demand, for each county in the US was constructed from 2007 to 2014, and using multivariate linear regression the effect of changing labor demand on local postsecondary education enrollment rates was examined. A small positive effect was found, but the effect size in relation to the total change in enrollment levels was diminutive. From the start to the end of the recession (2007 to 2010), Bartik Instrument calculated unemployment increased from 5.3% nationally to 8.2%. This level of labor demand contraction would lead to a 0.42% increase in enrollment between 2008 and 2011. The true enrollment increase over this period was 7.6%, so the model calculated 5.5% of the enrollment increase was based on the changes in labor demand.
ContributorsHerder, Daniel Steven (Author) / Dillon, Eleanor (Thesis director) / Schoellman, Todd (Committee member) / Economics Program in CLAS (Contributor) / Department of Psychology (Contributor) / Sandra Day O'Connor College of Law (Contributor) / School of Politics and Global Studies (Contributor) / Barrett, The Honors College (Contributor)
Created2016-05
Description
This paper explores how marginalist economics defines and inevitably constrains Victorian sensation fiction's content and composition. I argue that economic intuition implies that sensationalist heroes and antagonists, writers and readers all pursued a fundamental, "rational" aim: the attainment of pleasure. So although "sensationalism" took on connotations of moral impropriety in the Victorian age, sensation fiction primarily involves experiences of pain on the page that excite the reader's pleasure. As such, sensationalism as a whole can be seen as a conformist product, one which mirrors the effects of all commodities on the market, rather than as a rebellious one. Indeed, contrary to modern and contemporary critics' assumptions, sensation fiction may not be as scandalous as it seems.
ContributorsFischer, Brett Andrew (Author) / Bivona, Daniel (Thesis director) / Looser, Devoney (Committee member) / Barrett, The Honors College (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / Economics Program in CLAS (Contributor) / School of Politics and Global Studies (Contributor) / Department of English (Contributor)
Created2014-12
DescriptionIn this study, the first two novels of Margaret Atwood's MaddAddam Trilogy are discussed in their global context as social commentary on the current system of global economics. The study focuses on the novels' depiction of the commodification of women's bodies and the bodies of animals as consumable products.
ContributorsManning, Devan Marie (Author) / Sadowski-Smith, Claudia (Thesis director) / Voaden, Rosalynn (Committee member) / Mallot, Edward (Committee member) / Barrett, The Honors College (Contributor) / School of Politics and Global Studies (Contributor) / Department of English (Contributor)
Created2013-05
Description
This study examines sustainable development concerns as an essential part of the Costa Rican national identity. Interviews with ecotourism industry workers and an analysis of pertinent news articles shine light on the Costa Rican citizen's perspective of sustainable development, showing that in spite of current initiatives industry workers still have unmet environmental and economic concerns, and that the general public is both passionately interested and personally invested in the topic.
ContributorsHoward, Kalyn Marie (Author) / Puleo, Thomas (Thesis director) / Larson, Elizabeth (Committee member) / Hunter, Joel (Committee member) / Barrett, The Honors College (Contributor) / School of Humanities, Arts, and Cultural Studies (Contributor) / School of Politics and Global Studies (Contributor)
Created2013-05
Description
For the past two years, New Venture Group (nVg) and the Havasupai Tribe have worked together on a variety of community development projects. The purpose of this paper is to provide descriptions and documentation for these projects and how they are related to the economic development of the community. The partnership with the Havasupai Tribe has allowed nVg to learn the history and culture of one of Arizona's oldest communities. It has been necessary to understand the traditional values of the Havasupai to design projects that will benefit the tribe and gain support from its members. The products that nVg has worked on under the direction of the Havasupai include: - Computer training sessions - A tribal website - Financial analyses of Supai enterprises - Data management resources These and additional activities will be explained in the following pages. They were created following several meetings with tribal members and Enterprise Managers in Tempe and Supai, Arizona over the last two years. The goal of these projects is to contribute to the economic development of Supai and the Havasupai people more generally. Economic development means combining the existing strengths of the Havasupai community with nVg's business management experience, creating a stronger and more productive economy that contributes to the overall quality of life for the Havasupai.
ContributorsWhile, Kate Sophie (Author) / Brooks, Daniel (Thesis director) / LePine, Marcie (Committee member) / Walker, Beth (Committee member) / Barrett, The Honors College (Contributor) / Department of Economics (Contributor) / W. P. Carey School of Business (Contributor) / School of Politics and Global Studies (Contributor)
Created2013-05
Description
On December 28th 2012, immigration authorities arrested my father and mother while grocery shopping. As soon as they stepped outside, immigration officers stopped them to be questioned. Jeopardizing my university graduation, I took on the challenge to fight court and petition my parents to not be deported. As a first generation born American, I have the power and the right to petition for the freedom of my parents. I was fortunate to be born in this country as a citizen and take advantage of all the opportunities given to me. Up until today, my family and I have done nothing but participate as good citizens. What I failed to realize is that one day our family would become deportation victims of the broken immigration system. There are currently between 11 to12 million undocumented people living in the United States with no pathway to citizenship. My father and mother were humiliated in jail, separated from the family for three months and suffered from emotional distress. It is imperative for me to share our family experience so others know the reality about illegal immigration. In this paper I aspire to leave the reader with knowledge and understanding about illegal immigration. The main purpose of my thesis is to retell my family's experience and the struggle we are still currently facing. The fate of my family was decided on March 25th 2013, and my family has been forever changed. We learned the valuable lesson that as Latinos in the community, we need to fight for freedom and speak on those that are undocumented and afraid.
ContributorsCalderon, Rudy (Author) / Larson, Elizabeth (Thesis director) / Ovando, Carlos (Committee member) / Sanchez, Marta (Committee member) / Barrett, The Honors College (Contributor) / School of Politics and Global Studies (Contributor) / School of International Letters and Cultures (Contributor)
Created2013-05
Description
Through collection of survey data on the characteristics of college debaters, disparities in participation and success for women and racial and ethnic minorities are measured. This study then uses econometric tools to assess whether there is an in-group judging bias in college debate that systematically disadvantages female and minority participants. Debate is used as a testing ground for competing economic theories of taste-based and statistical discrimination, applied to a higher education context. The study finds persistent disparities in participation and success for female participants. Judges are more likely to vote for debaters who share their gender. There is also a significant disparity in the participation of racial and ethnic minority debaters and judges, as well as female judges.
ContributorsVered, Michelle Nicole (Author) / Silverman, Daniel (Thesis director) / Symonds, Adam (Committee member) / Dillon, Eleanor (Committee member) / Barrett, The Honors College (Contributor) / Economics Program in CLAS (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / School of Politics and Global Studies (Contributor)
Created2014-12
Description
Mizungo is a work of lyrical creative nonfiction with an interactive braided essay format that plays with place and time melding culture, experience, and memory. It weaves the threads of sexuality, loss, depression, privilege, and family between photographs. This develops the themes of otherness and identity while exploring the settings of Uganda, Tempe, and small-town Utah. The piece explores the identity of "mizungo," the name given by the locals to any white person who travels to Eastern Sub-Saharan Africa. In Uganda, a region known for both hospitality and homophobia, this identity overtakes the author's name and sense of self propeling the mizungo to near celebrity status simply because of skin color and the privilege it promises. For McGovern, this attention creates otherness and the isolation that forces self-reflection, which propels self-healing. "Mizungo" provides her a mask in the homophobic region, that not only protects, but promotes self-acceptance. It also forces her to face her grief over familial tragedies and contemplate the settings of depression, loss, and the makings of family around the world. The timeline of Mizungo flows nonlinearly, and does not stick to one setting. Along with her mental state, the narrative explores the world and the beginning and ending of the "mizungo" identity. The narrative drops the reader onto the streets of Kampala where McGovern is first branded as "mizungo" and ends with the exploration of a different meaning of this identity. In between these scenes, the narrative pulls from memories of childhood and summers spent in Utah up through nine years later in Tempe, a few months before the story was published, and a year after traveling to Uganda.
ContributorsMcgovern, Sophia Odonnell (Author) / Dombrowski, Rosemarie (Thesis director) / Hoyt, Heather (Committee member) / School of Politics and Global Studies (Contributor) / Department of English (Contributor) / Barrett, The Honors College (Contributor)
Created2015-12
Description
"The rights of every man are diminished when the rights of one man are threatened".
- John F Kennedy
For over a century now, the United States has publicly professed a commitment to upholding human rights around the world, yet to this day economically supports numerous dictatorships and undemocratic regimes that flout human rights on a daily basis. The rhetoric of American politicians would imply that human rights and democracy are a priority in America's foreign policy, yet given US support for autocracies, both of these principles seem forgotten. If not respect for democracy and human rights, what is truly influencing America's relationship with these countries? I hypothesize that a country's resource availability will be the best predictive factor for its economic relationship with the US, followed by its military involvement with the US, and finally, human rights records will be the least predictive factor. The study found that a country's military cooperation with the US is the best predictive factor regarding our economic relationship, resource availability comes with a weak correlation, and human rights abuses very rarely substantively impact our economic relationships.
- John F Kennedy
For over a century now, the United States has publicly professed a commitment to upholding human rights around the world, yet to this day economically supports numerous dictatorships and undemocratic regimes that flout human rights on a daily basis. The rhetoric of American politicians would imply that human rights and democracy are a priority in America's foreign policy, yet given US support for autocracies, both of these principles seem forgotten. If not respect for democracy and human rights, what is truly influencing America's relationship with these countries? I hypothesize that a country's resource availability will be the best predictive factor for its economic relationship with the US, followed by its military involvement with the US, and finally, human rights records will be the least predictive factor. The study found that a country's military cooperation with the US is the best predictive factor regarding our economic relationship, resource availability comes with a weak correlation, and human rights abuses very rarely substantively impact our economic relationships.
ContributorsPlummer, Gage (Author) / Hanson, Margaret (Thesis director) / Ripley, Charles (Committee member) / School of Politics and Global Studies (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05