https://www.businesstimes.com.sg/government-economy/singapore-dollar-prospects-worst-since-98-as-asia-losses-spread

This relates to an article about Singapore's dollar today and in 1998 during when the Thai currency dropped. When the Thai currency crashed, it not only affected countries around the world like Russia or Mexico, but also Singapore; Singapore's dollar dropped 15% during the year because of this. This demonstrates how free international financial markets can cause countries to be overdependent on other countries, so when the economy in one one country crashes, it can have devastating effects on development in many others.

Though free international financial markets can be very helpful for developing nations, they can often have negative consequences in the long run. With this example, American involvement helped countries like Thailand to grow at first, but this caused many development problems in the future.

Free international financial markets here can help development in developing countries; here, it can be seen that many Americans are unwittingly supporting the development of countries across the world like Indonesia or Vietnam due to free international financial markets which allows money to flow between countries freely.

This shows how international financial markets can often hinder development once countries get too dependent on international financial markets; in this case, the U.S pork industry became too independent on consumers in Thailand, which caused problems with development for U.S hog farmers.

https://www.investopedia.com/articles/investing/090315/10-major-companies-tied-apple-supply-chain.asp

One example of a company which has embraced global supply chains is Apple. As one of the biggest companies in the world, they manufacture their products in dozens of countries around the world from various different countries as this article describes.

Trade helps to cause development because it allows for specialisation since countries are able to produce what they are relatively best at producing due to trade. With countries producing what they have a comparative advantage in, the most products will end up being produced, thus promoting development.

https://www.nytimes.com/2021/08/04/climate/tax-polluting-companies-climate.html

One example of these taxes that increases the polluter's marginal private cost of production is a carbon tax. Producers emitting carbon generate a negative externality, so carbon taxes increase the marginal private cost of production so that its equal to the marginal social cost, causing the company to produce at the socially optimal level.

One way economic growth affects the environment is by degrading it to the point where it is unusable to humans economically and also destroyed environmentally. This can be seen through public resources that anyone has access to like fish in the ocean with the Grand Banks cod disappearance, where people overfished the cod for economic growth until there were no more cod. This not only had devastating effects on the environment, but it also made the area useless economically and hurt the livelihoods of thousands of fishermen.

https://www.nytimes.com/interactive/2018/02/06/world/asia/korea-history.html

This article explains the large economic gap between North and South Korea which is only getting larger, which illustrates how adoption of technologies is one of the main causes of economic growth since North and South Korea are essentially the same in geography and culture.

This paper mentions that "inequality in the modern world largely results from the uneven dissemination and adoption of technologies"; I agree with this viewpoint as the paper explains how the other factors that could affect global inequality like culture, geography, or ignorance are incorrect. It also makes sense that adoption of technologies would cause economic growth and be the most influential factor since technology will affect productivity much more than things like culture or geography; new machines would increase the productivity of farmers far more than simply a better work ethic. Because of this, I feel that the main factor that causes economic growth and development is adoption of technologies.

hi mr. hopkins this is nicholas