Essays: at least ½ pg single spaced for each answer.
Problem 1: What parallels do you see between the current Euro and USA banking crises and the 1980's Latin American Debt Crisis?
Problem: 2: Explain how an oil boom or a high-tech boom, in a country with traditional manufacturing or traditional agriculture, may lead both to a bubble in non-traded goods as well as deindustrialization or de-agriculturalization.