Essay

ECON0121 Essay Plan

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Course
Economic History (ECON0121)

Institution
University College London (UCL)

This essay plan was used to write my mid-term, which scored 88%. It is a good template to use in order to understand the essay subject and consequently write a concise but sophisticated essay.

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Uploaded on July 12, 2024
Number of pages 4
Written in 2023/2024
Type Essay
Professor(s) Unknown
Grade A+

essay plan
economics
history
economic history
ucl

Institution
University College London (UCL)
Education Unknown
Course
Economic History (ECON0121)

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ESSAY PLAN:

Introduction:

 Singapore 1975-1985  structural change from a labour-intensive to skills-intensive
economy. Plot the data to see when this shift came to being to finalise time period. Share of
GDP/employment ; build a table for share of GDP and employment for each sector over time.
 Motivation: Singapore GDP per capita has grown to be the highest among Asian Tigers
(excluding Taiwan due to insufficient data – include footnote if not found). Maybe find
Taiwan data from other source?

GDP Per Capita Over Time
$90,000
$80,000
GDP per Capita (current US$)

$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
60 63 66 69 72 75 78 81 84 87 90 93 96 99 02 05 08 11 14 17 20
19 19 19 19 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20

Hong Kong SAR, China Korea, Rep.
Singapore World
o -
do not use nominal GDP; use real GDP data (fixed PPP or year) (index as base 100 for
each country at 1990). Plot how it evolved from 1990.
o Share of employment data.
 Key Policies: looser immigration policy for skilled-workers (necessary) and human capital
investment.

Main paragraph 1:

 Policy: Looser immigration policy for highly skilled workers
o Allowed skilled workers to enter the country
o Filled immediate gap of skilled workers required to build knowledge-based services
o Also allowed knowledge spillovers for natives to increase human capital quality
o Descriptive data:

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