MDP 500 – FOUNDATIONS OF DEVELOPMENT: THEORIES AND HISTORY FINAL PAPERIn an essay of approximately3,000 words, address the following prompt:· In this essay, it is your task to explore how capitalism has shifted over time, altering the relative importance of different forms of capital (industrial, merchant, speculative, usury, dispossession, etc.), and changing the distribution of wealth and poverty. In this essay, we ask you to explore these shifts by addressing the following questions: How has capitalism reinvented itself in varied forms over the course of the past century? What have been the effects of these changes on the distribution of wealth and poverty? How have these changes shifted approaches to development?Your analysis should be grounded throughout with specific      examples (from case studies, readings, class discussion, using the      following text books:McMichael, Philip. 2012.Development and Social Change.A Global Perspective. 5th Edition. Los Angeles: SageHickel, Jason. 2017.The Divide: Global Inequality from      Conquest to Free Markets.New York: W.W. Norton., etc).You will be graded on the clarity of your argument(s) and organization, grounding in specific examples, the professionalism of writing, and proper use of citations (Chicago 16th, Author-Date). Keep in mind that this paper must include a thesis statement and argument (it is not a book report). Your paper must bedouble-spaced, size 12 font, Times New Roman, 1” margins.Papers are due by 11:59 pm, November 27, 2020.Papers should be submitted as a word document to the Final Paper Assignment.

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