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| Author: | Cannon, H.M. Yaprak, A. Mokra, I. |
| Title: | Simulating economic development in transformation economies: the role of free-market processes and government intervention |
| Journal: | Journal of Teaching in International Business
2002 : VOL. 13:3-4, p. 23-39 |
| Index terms: | Economic development Exports Imports Simulation Transition economies |
| Language: | eng |
| Abstract: | The game described in this paper is meant to help students understand the impact of various strategies of government intervention on the dynamic free-market processes stimulating economic development. The game simulates three developing economics. Within the economies, each of the students represents an independent economic entity, able to contribute labor, consume goods and acquire wealth. The game is played in periods, with each one representing a cycle of production and consumption. |
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