Upenn short question - "explain why"?

Could you help me check if I'm answering the prompt and edit any grammatical errors? Thanks!

When the prompt says 'explain why', I don't know if they want me to explain why I chose that research topic, or why I chose the professor, or both. So I lumped it all together. ><

It seems like their should be more focus on the professor part, but I was thinking if I don't give a background on what I want to do, how am I supposed to justify why I want to work with the professor?

Prompt:
Penn offers its undergraduates an eminent faculty and a wealth of research opportunities. Use the space below to name a Penn professor with whom you would like to study or conduct research and explain why. (It is not our expectation that you contact faculty directly to answer this question.) [limit of 1000 characters]

I would like to conduct a research with Professor Howard Pack on the prerequisites of privatization with specific reference to African and Asian economies. While nations like Singapore are able to thrive on privatization for economic progress, others like Zambia have seen otherwise. This could the result of coerced privatization under the Structural Adjustment Programme, or of premature economic decisions. Hence, if a set of prerequisites can be defined, African nations might be able to firmly break into the international market and escape from poverty.

With the knowledge that Professor Pack has about African and especially Asian economies, I believe he would be able to provide valuable insights to approach this topic. Besides, interesting factors like political systems and stability can be explored as he lately commented on the article 'Political Tensions are Creating New Rules for International Business'. This would give the research greater scope and relevance to the modern world.

[998 characters]

In regards to the prompt, it seems like they want you to name a specific professor that you want to work with and why you want to work with him/her.

I would spend more time explaining how you intend to use this specific professor's talents to help you with your research, if you have room. If not, it is a good essay as it stands.