Types of Economies. 10x10learning.com
|
|
- Roy Newman
- 5 years ago
- Views:
Transcription
1 Types of Economies 1
2 Economic System and Types of Economies Economic System An Economic System is the broad institutional framework, within which production and consumption of goods and services takes place Developed Economies have the free Market System that helps all people to enjoy high standards of living, as their per capita income and consumption of goods and services is high Classification of Economies Developed : All enjoy very high standards of living (50 countries as in 2015 as per UNDP report) Developing : economy is one in which the per capita income and consumption is rising and living standard is increasing Under-developed : economy is one in which per capita income and per capita consumption is low and is stagnant. It is neither rising nor is likely to rise in foreseeable future. See table on page Closed and Open Economies An economy that has no trade relations with any other economy, is a Closed Economy An Open Economy has trade relations with the outside world. As in 2015, all countries have an Open Economy as international trade is the key factor for economic development, under Globalization. 2
3 Economies as per major activity Production Economy has more land, labour and capital for production of commodities, greater part of which is consumed within the economy A Trading Economy has more labour and capital invested in trading activities. Maximum portion of output is for exporting to other countries and for selling in market Agricultural Economy : majority of the population is engaged in agricultural activities, and lives in rural areas. Primitive techniques of farming prevail and rural economy is backward / undeveloped Industrial Economy: Maximum portion of population is engaged in Manufacture and Production, and lives in Urban areas. Modern technology is adopted in mechanized production in industries. Output is mostly for sale in market and for exports. Capitalist Economy: is a free market economy in which the Government does not intervene at all. All economic decisions on what to produce? How to produce? And for whom to produce? Are decided by the market prices. 3
4 Economies classified as per extent of Government intervention. Capitalist economy No intervention by Government Free market determines the movement of the economy Right to Property is a key right Socialist Economy All economic decisions are taken by the Government through Plans Government is seen to represent the labour factor, and therefore, controls the factors of land and capital There is no Right to Property Mixed Economy Is a blend of capitalist and socialist economies A free market exists along with Right to Property. A system for economic planning by government also exists. Plans are for development of all strata of people, to provide for equity and emancipation from poverty 4
5 Characteristics of a Capitalist Economy Is an economy where capital as a factor is more important than land or labour. Free Market based Price mechanism, dominates economic decision making on allocation of resources for production of commodities. Capital refers to fixed capital invested in production. As such, it is Production driven economy that produces goods for sale in the national market or for export. There is right to private property in a capitalist economy, and the Government does not regulate the market in any manner, and its intervention is minimal. Producers are free to maximize profits through production, and consumers are free to make their choices 5
6 Merits of Capitalist Economy More output through large scale production, at lower cost of inputs, that results in optimization of profits. Goods produced on a large scale, at a lower cost, encourages international trade. Minimum cost of making economic decisions. Competitive environment and absence of monopoly. This encourages risk taking and innovative entrepreneurship. There is a continuous search for new products that can fetch higher profits.6 Examples of Capitalist economies include USA, Canada, all countries in western Europe Free market based price mechanism means that any disparity between supply and demand is automatically corrected through the price mechanism. Freedom to take economic decisions, for efficient utilisation of resources. Government intervention is minimal or non-existent. Large scale production, based on modern technology, means more goods are available in the market, at lower prices. This means higher standard of living for all. 6
7 Demerits of Capitalist Economy Neglects Social Welfare and Equity Regional imbalances in development get created when urban centres flourish at the cost of rural areas. Creates high levels of unemployment from time to time Causes greater inequality and higher incidence of exploitation of labour. Gives rise to cycles of boom periods when sales are high, and of period of depressions when unemployment is high 7
8 Characteristics /Merits/ Demerits of Socialist Economies Demerits: (a) State monopoly exists. (b) there is no economic choice or decision making by individuals, either as producers or as consumers. The basic liberty of deciding what to consume is also denied. (c ) Major loopholes exist in the planning system as implementation is not always as per planned objectives. (d) Even farmers as producers, have no incentive to increase production or productivity because they do not own the land they cultivate. (1) Government is seen to represent the labour factor, and therefore, controls the remaining two factors of land and capital. There is no Right to Private Property and all property is owned by the State. There is an absence of the market mechanism. Therefore, the production system shows poor growth as it lacks personal commitment. All economic decisions are taken by the Government through Plans Merits of the Socialist Economic System include : (a) economic exploitation of labour for private profits does not exist (b) There is more equitable distribution of wealth and greater equity (c) Goods for mass consumption only are produced (d) There is a balanced development of all regions through Planning. (e) Greater sustained growth and efficient use of resources for benefit of society. The labour class forms the Government in the State and all economic liberty are restricted. Development is as per the long term and short term Plan by the State. Providing for social equality and justice are the primary objectives. 8
9 Mixed Economies = blend the features of Capitalist and Socialist Weaknesses: The adverse effects of exploitation of labour in private sector is not avoided. Emancipation from poverty and exploitation is very slow and government plans do not get implemented in time. Suffers from bad impact of capitalist system that causes unemployment due to improved technology. 1. Partial restriction of individual liberty, to prevent exploitation of labour 2. Right to private property exists but with limitations. 3. Government controls market and production in select cases and in a partial manner Strengths: Planned development by government exists along with private industrial sector. This is favourable for developing economies. Business cycle and monopoly problems are minimized and controlled in a mixed economy. If prices of essential commodities are too high, Government intervenes to moderate them. There is co-existence of market based price system and Government fixing of minimum purchase prices. 9
A 13-PART COURSE IN POPULAR ECONOMICS SAMPLE COURSE OUTLINE
A 13-PART COURSE IN POPULAR ECONOMICS SAMPLE COURSE OUTLINE By Jim Stanford Canadian Centre for Policy Alternatives, 2008 Non-commercial use and reproduction, with appropriate citation, is authorized.
More informationRising inequality in China
Page 1 of 6 Date:03/01/2006 URL: http://www.thehindubusinessline.com/2006/01/03/stories/2006010300981100.htm Rising inequality in China C. P. Chandrasekhar Jayati Ghosh Spectacular economic growth in China
More informationADDRESSING ECONOMIC INEQUALITY IN INDIA January 8 th -9 th, 2015
ADDRESSING ECONOMIC INEQUALITY IN INDIA January 8 th -9 th, 2015 NIAS/IC4HD ROUND TABLE Devaki Jain Assisted by Smriti Sharma The Argument A review of the information and analysis that has emerged from
More information* Economies and Values
Unit One CB * Economies and Values Four different economic systems have developed to address the key economic questions. Each system reflects the different prioritization of economic goals. It also reflects
More informationOrganized by. In collaboration with. Posh Raj Pandey South Asia Watch on Trade, Economics & Environment (SAWTEE)
Posh Raj Pandey South Asia Watch on Trade, Economics & Environment (SAWTEE) Training on International Trading System 7 February 2012 Kathamndu Organized by South Asia Watch on Trade, Economics & Environment
More informationChapter 6: Economic Systems. Economics: how people choose to use scarce resources in order to produce and buy the goods they want.
Chapter 6: Economic Systems Economics: how people choose to use scarce resources in order to produce and buy the goods they want. 3 Concepts of Economics: Goods (the something you want to buy) Capital
More informationDevelopment Economics: the International Perspective. Why are some countries rich while others are poor?
Development Economics: the International Perspective Why are some countries rich while others are poor? * Objective: Given Theory of Development 4 Types of Economic Systems the student will distinguish
More informationChina s Rise and Leaving the Middle- Income Trap in Latin America A New Structural Economics Approach
China s Rise and Leaving the Middle- Income Trap in Latin America A New Structural Economics Approach Justin Yifu Lin National School of Development Peking University China s Growth Performance China started
More informationCIE Economics A-level
CIE Economics A-level Topic 4: The Macroeconomy c) Classification of countries Notes Indicators of living standards and economic development The three dimensions of the Human Development Index (HDI) The
More informationUnit 1: Fundamental Economic Concepts. Chapter 2: Economic Choices and Decision Making. Lesson 4: Economic Systems
Unit 1: Fundamental Economic Concepts Chapter 2: Economic Choices and Decision Making Lesson 4: Economic Systems 1 Your Objectives After this lesson you should be able to: 1. Describe the characteristics
More informationChapter 2: The U.S. Economy: A Global View
Chapter 2: The U.S. Economy: A Global View 1. Approximately how much of the world's output does the United States produce? A. 4 percent. B. 20 percent. C. 30 percent. D. 1.5 percent. The United States
More information10/11/2017. Chapter 6. The graph shows that average hourly earnings for employees (and selfemployed people) doubled since 1960
Chapter 6 1. Discuss three US labor market trends since 1960 2. Use supply and demand to explain the labor market 3. Use supply and demand to explain employment and real wage trends since 1960 4. Define
More informationAsia-Pacific to comprise two-thirds of global middle class by 2030, Report says
Strictly embargoed until 14 March 2013, 12:00 PM EDT (New York), 4:00 PM GMT (London) Asia-Pacific to comprise two-thirds of global middle class by 2030, Report says 2013 Human Development Report says
More informationUnit - 5 Indian Economy on the Eve of Independence * The sole purpose of the British colonial rule in India was to reduce the country to being a feeder economy for Great Britain s own rapidly expanding
More informationInequality and Equity during Rapid Growth Process. by Suresh D. Tendulkar
Inequality and Equity during Rapid Growth Process by Suresh D. Tendulkar Basic proposition Rapid economic growth does not necessarily widen income inequalities but even when it does, rising inequalities,
More informationAn Overview of the Chinese Economy Foundation Part: Macro-economy of the Mainland
Core Module 15 An Overview of the Chinese Economy Foundation Part: Macro-economy of the Mainland The Chinese economy has been growing rapidly for years. Has it reached the level of the developed countries?
More informationFH Aachen University of applied sciences. Module: International Business Management Professor Dr. Ulrich Daldrup
FH Aachen University of applied sciences Module: International Business Management Professor Dr. Ulrich Daldrup A critical review of free trade agreements and protectionism Ashrith Arun Matriculation number:
More informationSpecial characteristics of socialist oriented market economy in Vietnam
Special characteristics of socialist oriented market economy in Vietnam Vu Van Phuc* Developing a market economy plays an important role. For Vietnam, during the transition to socialism from a less developed
More informationCommittee: G13 Summit. Issue title: Reducing trade inequality. Submitted by: Tamás Kocsis, President of G13 Summit
Committee: G13 Summit Issue title: Reducing trade inequality Submitted by: Tamás Kocsis, President of G13 Summit Edited by: Kamilla Tóth, President of the General Assembly Introduction Trade: The phenomenon
More informationThere is a seemingly widespread view that inequality should not be a concern
Chapter 11 Economic Growth and Poverty Reduction: Do Poor Countries Need to Worry about Inequality? Martin Ravallion There is a seemingly widespread view that inequality should not be a concern in countries
More informationEdexcel (A) Economics A-level
Edexcel (A) Economics A-level Theme 4: A Global Perspective 4.2 Poverty and Inequality 4.2.2 Inequality Notes Distinction between wealth and income inequality Wealth is defined as a stock of assets, such
More informationPolicy Instruments to Enable Inclusive Growth
Policy Instruments to Enable Inclusive Growth Questions, Challenges and Lessons from Uganda Presentation made at ODI Conference Godfrey Bahiigwa PMA Secretariat (director@pma.go.ug) February 12, 2009 Structure
More informationThinkwell s Homeschool Economics Course Lesson Plan: 36 weeks
Thinkwell s Homeschool Economics Course Lesson Plan: 36 weeks Welcome to Thinkwell s Homeschool Economics! We re thrilled that you ve decided to make us part of your homeschool curriculum. This lesson
More informationGlobalisation of Markets
Globalisation of Markets Definition of globalisation (1) The geographic dispersion of industrial and service activities, for example research and development, sourcing of inputs, production and distribution,
More information1. At the completion of this course, students are expected to: 2. Define and explain the doctrine of Physiocracy and Mercantilism
COURSE CODE: ECO 325 COURSE TITLE: History of Economic Thought 11 NUMBER OF UNITS: 2 Units COURSE DURATION: Two hours per week COURSE LECTURER: Dr. Sylvester Ohiomu INTENDED LEARNING OUTCOMES 1. At the
More informationStudy Unit 04 Activity 04. Summarise the arguments stating that population growth is not a real problem.
(a) Summarise the arguments stating that population growth is not a real problem. 1. The problem is not population growth but other issues such as: 1.1 Underdevelopment: According to this argument, underdevelopment
More informationMagruder s American Government
Presentation Pro Magruder s American Government C H A P T E R 23 Comparative Economic Systems 200 by Prentice Hall, Inc. C H A P T E R 23 Comparative Economic Systems SECTION Capitalism SECTION 2 Socialism
More informationHISTORICAL BACKGROUND During the British rule in India, the government policy towards industry and business was indifferent. The first century of Brit
Chapter - 03 Industrial Policy HISTORICAL BACKGROUND During the British rule in India, the government policy towards industry and business was indifferent. The first century of British rule saw the decline
More informationSpatial Inequality in Cameroon during the Period
AERC COLLABORATIVE RESEARCH ON GROWTH AND POVERTY REDUCTION Spatial Inequality in Cameroon during the 1996-2007 Period POLICY BRIEF English Version April, 2012 Samuel Fambon Isaac Tamba FSEG University
More informationand government interventions, and explain how they represent contrasting political choices
Chapter 9: Political Economies Learning Objectives After reading this chapter, students should be able to do the following: 9.1: Describe three concrete ways in which national economies vary, the abstract
More informationFinal exam: Political Economy of Development. Question 2:
Question 2: Since the 1970s the concept of the Third World has been widely criticized for not capturing the increasing differentiation among developing countries. Consider the figure below (Norman & Stiglitz
More informationEconomic Systems. Essential Questions. How do different societies around the world meet their economic systems?
Economic Systems Essential Questions How do different societies around the world meet their economic systems? What are the advantages and disadvantages of each system? Terms to know: Economics Economist
More informationHOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.)
Chapter 17 HOW ECONOMIES GROW AND DEVELOP Macroeconomics In Context (Goodwin, et al.) Chapter Overview This chapter presents material on economic growth, such as the theory behind it, how it is calculated,
More informationDEMOGRAPHICS IN CANADIAN SOCIETY. Unit 2
DEMOGRAPHICS IN CANADIAN SOCIETY Unit 2 WHAT I M LEARNING TODAY Explore how Canada s diversity impacts how society functions Understand how money and power influence who is in control of society Explore
More informationSupporting recovery and sustainable development in the Caribbean
Supporting recovery and sustainable development in the Caribbean The role of the Global Jobs Pact By Stephen Pursey Director ILO Policy Integration Department The crisis in the Caribbean Global crisis
More informationINEQUALITY AND POVERTY
INEQUALITY AND POVERTY DRAKE HIGH SCHOOL MAY 8, 2017 OUTLINE Income inequality Define it Measure it How does it happen? Why it matters What to do about it Poverty Define it Measure it How does it happen?
More informationILO Poverty Reduction through Tourism Training Program MODULE 1 THE TOURISM INDUSTRY
ILO Poverty Reduction through Tourism Training Program MODULE 1 THE TOURISM INDUSTRY 1 Module 1 Learning Objectives 2 1. To understand the definitions of tourism and its main characteristics 2. To analyze
More informationEconomies in Transition Part I
Economies in Transition Part I The most important single central fact about a free market is that no exchange takes place unless both parties benefit. -Milton Friedman TYPES OF ECONOMIC SYSTEMS 2 Economic
More informationPublic Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Poverty Trends From 2006 to 2015, the share of population living below the national poverty
More informationSlide 1. Slide 2. Slide 3. More Than 1 Billion People Live in Extreme Poverty. $1.25/day ppp World Bank Definition. % of people in developing world
1 Slide 1 Slide 2 1. Place dots on the 3 POOREST countries in the world. 2. Place dots on the 2 countries that have experienced the greatest DECREASE in poverty over the past 3 decades. 3. Place a dot
More informationPresident Jacob Zuma: Broad-Based Black Economic Empowerment Summit
President Jacob Zuma: Broad-Based Black Economic Empowerment Summit 03 Oct 2013 The Minister of Trade and Industry and all Ministers and Deputy Ministers present, Members of the Presidential Broad-based
More informationTowards Sustainable Economy and Society Under Current Globalization Trends and Within Planetary Boundaries: A Tribute to Hirofumi Uzawa
Towards Sustainable Economy and Society Under Current Globalization Trends and Within Planetary Boundaries: A Tribute to Hirofumi Uzawa Joseph E. Stiglitz Tokyo March 2016 Harsh reality: We are living
More informationHas Globalization Helped or Hindered Economic Development? (EA)
Has Globalization Helped or Hindered Economic Development? (EA) Most economists believe that globalization contributes to economic development by increasing trade and investment across borders. Economic
More informationEthiopia. Strategy for Sweden s development cooperation with MFA
MINISTRY FOR FOREIGN AFFAIRS, SWEDEN UTRIKESDEPARTEMENTET Strategy for Sweden s development cooperation with Ethiopia 2016 2020 MFA 103 39 Stockholm Telephone: +46 8 405 10 00, Web site: www.ud.se Cover:
More informationProblems Involved in Improving the Quality of Life in Albania in the Years
Problems Involved in Improving the Quality of Life in Albania in the Years 2000-2012 Doi:10.5901/mjss.2013.v4n10p312 Abstract Dr. Enriko Ceko There are some major issues to be clarified about the quality
More informationIMPACT OF GLOBALIZATION ON MICRO, SMALL AND MEDIUM ENTERPRISES IN INDIA. Mr. S. MOHANDASS. Head, Research Department of Commerce,
IMPACT OF GLOBALIZATION ON MICRO, SMALL AND MEDIUM ENTERPRISES IN INDIA Mr. S. MOHANDASS Head, Research Department of Commerce, Sri Vinayaga College Of Arts and Science, Ulundurpet Mr. E. SUBRAMANIYAN
More informationBeyond economics: accountability frameworks to optimise public good from global value chains
GLOBAL COMMODITIES FORUM 7-8 April 2014 Beyond economics: accountability frameworks to optimise public good from global value chains by Ms. Beris Gwynne Director and UN Representative World Vision International
More informationTHE MACROECONOMIC IMPACT OF REMITTANCES IN DEVELOPING COUNTRIES. Ralph CHAMI Middle East and Central Asia Department The International Monetary Fund
SINGLE YEAR EXPERT MEETING ON MAXIMIZING THE DEVELOPMENT IMPACT OF REMITTANCES Geneva, 14 15 February 2011 THE MACROECONOMIC IMPACT OF REMITTANCES IN DEVELOPING COUNTRIES By Ralph CHAMI Middle East and
More informationDistributive vs. Corrective Justice
Overview of Week #2 Distributive Justice The difference between corrective justice and distributive justice. John Rawls s Social Contract Theory of Distributive Justice for the Domestic Case (in a Single
More informationSYSTEM DYNAMICS Vol. II - A Pervasive Duality in Economic Systems: Implications for Development Planning - Khalid Saeed
A PERVASIVE DUALITY IN ECONOMIC SYSTEMS: IMPLICATIONS FOR DEVELOPMENT PLANNING Khalid Worcester Polytechnic Institute, Worcester, MA, US Keywords: Economic development, economic sectors, development planning,
More informationWomen s economic empowerment and poverty: lessons from urban Sudan
Women s economic empowerment and poverty: lessons from urban Sudan Samia Elsheikh College of Business Studies, Al Ghurair University, Dubai, UAE Selma E. Elamin College of Business. University of Modern
More informationCASE 12: INCOME INEQUALITY, POVERTY, AND JUSTICE
CASE 12: INCOME INEQUALITY, POVERTY, AND JUSTICE The Big Picture The headline in the financial section of the January 20, 2015 edition of USA Today read, By 2016 1% will have 50% of total global wealth.
More informationUNDERSTANDING TRADE, DEVELOPMENT, AND POVERTY REDUCTION
` UNDERSTANDING TRADE, DEVELOPMENT, AND POVERTY REDUCTION ECONOMIC INSTITUTE of CAMBODIA What Does This Handbook Talk About? Introduction Defining Trade Defining Development Defining Poverty Reduction
More informationChapter 7. Urbanization and Rural-Urban Migration: Theory and Policy 7-1. Copyright 2012 Pearson Addison-Wesley. All rights reserved.
Chapter 7 Urbanization and Rural-Urban Migration: Theory and Policy Copyright 2012 Pearson Addison-Wesley. All rights reserved. 7-1 The Migration and Urbanization Dilemma As a pattern of development, the
More informationFeminist Critique of Joseph Stiglitz s Approach to the Problems of Global Capitalism
89 Feminist Critique of Joseph Stiglitz s Approach to the Problems of Global Capitalism Jenna Blake Abstract: In his book Making Globalization Work, Joseph Stiglitz proposes reforms to address problems
More informationChapter 2 Comparative Economic Development
Chapter 2 Comparative Economic Development Common characteristics of developing countries These features in common are on average and with great diversity, in comparison with developed countries: Lower
More informationCommission on the Status of Women Forty-ninth session New York, 28 February 11 March Integration of gender perspectives in macroeconomics
United Nations Nations Unies Commission on the Status of Women Forty-ninth session New York, 28 February 11 March 2005 PANEL I Integration of gender perspectives in macroeconomics Written statement* submitted
More informationECONOMIC SYSTEMS AND DECISION MAKING. Understanding Economics - Chapter 2
ECONOMIC SYSTEMS AND DECISION MAKING Understanding Economics - Chapter 2 ECONOMIC SYSTEMS Chapter 2, Lesson 1 ECONOMIC SYSTEMS Traditional Market Command Mixed! Economic System organized way a society
More informationV. MIGRATION V.1. SPATIAL DISTRIBUTION AND INTERNAL MIGRATION
V. MIGRATION Migration has occurred throughout human history, but it has been increasing over the past decades, with changes in its size, direction and complexity both within and between countries. When
More informationDimensions of rural urban migration
CHAPTER-6 Dimensions of rural urban migration In the preceding chapter, trends in various streams of migration have been discussed. This chapter examines the various socio-economic and demographic aspects
More informationIMPORTANCE OF PLANNING IN PAKISTAN
IMPORTANCE OF PLANNING IN PAKISTAN F BY AZAM ALI KHAN AURAKZAI University Lecturer in Economics IVE years ago the fifth largest State in the world appeared on the map of the Globe and the Father of the
More informationSupport Materials. GCE Economics H061/H461: Exemplar Materials. AS/A Level Economics
Support Materials GCE Economics H061/H461: Exemplar Materials AS/A Level Economics Contents 1 Unit F581: Markets In Action 3 2 Unit F582: The National and International Economy 6 3 Unit F583: Economics
More informationAQA Economics A-level
AQA Economics A-level Microeconomics Topic 7: Distribution of Income and Wealth, Poverty and Inequality 7.1 The distribution of income and wealth Notes Distinction between wealth and income inequality
More informationRural Labor Force Emigration on the Impact. and Effect of Macro-Economy in China
Rural Labor Force Emigration on the Impact and Effect of Macro-Economy in China Laiyun Sheng Department of Rural Socio-Economic Survey, National Bureau of Statistics of China China has a large amount of
More informationSection 1: Microeconomics. 1.1 Competitive Markets: Demand and Supply. IB Econ Syllabus Outline. Markets Ø The Nature of Markets
IB Economics Syllabus Outline Mr. R.S. Pyszczek Jr. Room 220 Rpyszczek@BuffaloSchools.org City Honors School at Fosdick- Masten Park 186 East North Street Buffalo, NY 14204 Phone: (7160 816-4230 Fax: (716)
More informationGlobalisation and Open Markets
Wolfgang LEHMACHER Globalisation and Open Markets July 2009 What is Globalisation? Globalisation is a process of increasing global integration, which has had a large number of positive effects for nations
More informationEconomic Systems and the United States
Economic Systems and the United States Mr. Sinclair Fall, 2017 What are "Economic Systems?" An economic system is the way a society uses its resources to satisfy its people's unlimited wants 1. Traditional
More informationEXCELLENC IN TEACHING. SRH University Heidelberg Germany. Prof. Dr. Jörg Winterberg STAATLICH ANERKANNTE FACHHOCHSCHUL
EXCELLENC E IN TEACHING SRH University Heidelberg Germany Prof. Dr. Jörg Winterberg STAATLICH ANERKANNTE FACHHOCHSCHUL E The Social Market Economy A Concept for African Countries? Malawi July 2011 STAATLICH
More informationDependency theorists, or dependentistas, are a group of thinkers in the neo-marxist tradition mostly
Dependency theorists and their view that development in the North takes place at the expense of development in the South. Dependency theorists, or dependentistas, are a group of thinkers in the neo-marxist
More informationDIRECTIVE PRINCIPLES OF STATE POLICY. Novel features
DIRECTIVE PRINCIPLES OF STATE POLICY Novel features -Dr. B. R. Ambedkar Conscience of Constitution - Granville Austin Part IV Art. 36 to 51 Borrowed from Irish constitution of 1937 Spanish constitution
More informationIMPACT OF GLOBALIZATION ON POVERTY: CASE STUDY OF PAKISTAN
Romain Pison Prof. Kamal NYU 03/20/06 NYU-G-RP-A1 IMPACT OF GLOBALIZATION ON POVERTY: CASE STUDY OF PAKISTAN INTRODUCTION The purpose of this paper is to examine the effect of globalization in Pakistan
More informationThe Trends of Income Inequality and Poverty and a Profile of
http://www.info.tdri.or.th/library/quarterly/text/d90_3.htm Page 1 of 6 Published in TDRI Quarterly Review Vol. 5 No. 4 December 1990, pp. 14-19 Editor: Nancy Conklin The Trends of Income Inequality and
More informationUNDP: Urgent job creation on a mass scale key to stability in the Arab region
Strictly embargoed until 14 March 2013, 12:00 PM EDT (New York), 4:00 PM GMT (London) UNDP: Urgent job creation on a mass scale key to stability in the Arab region Mexico City, 14 March 2013 Arab States
More informationARTNeT Trade Economists Conference Trade in the Asian century - delivering on the promise of economic prosperity rd September 2014
ASIA-PACIFIC RESEARCH AND TRAINING NETWORK ON TRADE ARTNeT CONFERENCE ARTNeT Trade Economists Conference Trade in the Asian century - delivering on the promise of economic prosperity 22-23 rd September
More informationCDP Working Group on Gender and Development Women s work and livelihood prospects in the context of the current economic crisis
CDP Working Group on Gender and Development Women s work and livelihood prospects in the context of the current economic crisis Issues Note for the 2010 AMR The theme of the 2010 Annual Ministerial Review
More informationDecent Work Indicators in the SDGs Global Indicator Framework. ILO Department of Statistics & ILO Regional Office for Asia and the Pacific
Decent Work Indicators in the SDGs Global Indicator Framework ILO Department of Statistics & ILO Regional Office for Asia and the Pacific Content Introduction Monitoring and reporting Decent Work Agenda
More informationSociology. Class - XII. Chapter Assignments
Sociology Class - XII Chapter Assignments Part I Indian Society Demographic Structure and Indian Society Social Institutions Continuity and change Market as a Social Institution Pattern of Social Inequality
More informationAN ANALYSIS OF SOCIO-ECONOMIC STATUS OF SCHEDULED CASTES: A STUDY OF BORDER AREAS OF JAMMU DISTRICT
Indian Streams Research Journal ISSN:-2230-7850 AN ANALYSIS OF SOCIO-ECONOMIC STATUS OF SCHEDULED CASTES: A STUDY OF BORDER AREAS OF JAMMU DISTRICT ORIGINAL ARTICLE Pradeep Arora and Virendar Koundal Research
More informationHigh Level Forum Globalization and Global Crisis: The Role of Official Statistics Monday, 23 February 2009 ECOSOC Chamber 3:00-6:00 pm
High Level Forum Globalization and Global Crisis: The Role of Official Statistics Monday, 23 February 2009 ECOSOC Chamber 3:00-6:00 pm UN High-Level Forum on Globalization and Global Crisis: The Role of
More informationFACTOR PRICES AND INCOME DISTRIBUTION IN LESS INDUSTRIALISED ECONOMIES
Blackwell Publishing AsiaMelbourne, AustraliaAEHRAustralian Economic History Review0004-8992 2006 The Authors; Journal compilation Blackwell Publishing Asia Pty Ltd and the Economic History Society of
More informationPoverty Profile. Executive Summary. Kingdom of Thailand
Poverty Profile Executive Summary Kingdom of Thailand February 2001 Japan Bank for International Cooperation Chapter 1 Poverty in Thailand 1-1 Poverty Line The definition of poverty and methods for calculating
More informationPart IV Population, Labour and Urbanisation
Part IV Population, Labour and Urbanisation Introduction The population issue is the economic issue most commonly associated with China. China has for centuries had the largest population in the world,
More informationPART I: OUR CONVERGING CRISES
PART I: OUR CONVERGING CRISES Systems of Political and Economic Management Every society has institutions for making decisions and allocating resources. Some anthropologists call this the structure of
More informationAdam Smith and Government Intervention in the Economy Sima Siami-Namini Graduate Research Assistant and Ph.D. Student Texas Tech University
Review of the Wealth of Nations Adam Smith and Government Intervention in the Economy Sima Siami-Namini Graduate Research Assistant and Ph.D. Student Texas Tech University May 14, 2015 Abstract The main
More informationPublic Choice Part IV: Dictatorship
ublic Choice art IV: Dictatorship Chair of Economic olicy University of Jena Carl-Zeiss-Str. 3 07743 / Jena iterature: Mueller (2003) pp. 406-424 onald Wintrobe (1998) The political economy of dictatorship
More informationECONOMICS CHAPTER 11 AND POLITICS. Chapter 11
CHAPTER 11 ECONOMICS AND POLITICS I. Why Focus on India? A. India is one of two rising powers (the other being China) expected to challenge the global power and influence of the United States. B. India,
More informationLabor Unions, Globalization, and Mercantilism
Labor Unions, Globalization, and Mercantilism Wolf-Heimo Grieben (University of Konstanz, Germany) Fuat Şener (Union College, Schenectady, NY, USA) 44 th annual CEA Conference, Quebec City, Canada 28 th
More informationAndhra Pradesh: Vision 2020
OVERVIEW Andhra Pradesh: Vision 2020 Andhra Pradesh has set itself an ambitious vision. By 2020, the State will have achieved a level of development that will provide its people tremendous opportunities
More information11/7/2011. Section 1: Answering the Three Economic Questions. Section 2: The Free Market
Essential Question Chapter 6: Economic Systems Opener How does a society decide who gets what goods and services? Chapter 6, Opener Slide 2 Guiding Questions Section 1: Answering the Three Economic Questions
More informationKey Concept 6.2: Examples: Examples:
PERIOD 6: 1865 1898 The transformation of the United States from an agricultural to an increasingly industrialized and urbanized society brought about significant economic, political, diplomatic, social,
More informationEconomic Thought of J B Say and J S Mill Episode 10
Economic Thought of J B Say and J S Mill Episode 10 Module - 1 Economic Thought of J B Say and J S Mill J.B. Say and J.S.Mill. both were also part of the socialists who had given there economic thoughts
More informationAQA Economics A-level
AQA Economics A-level Macroeconomics Topic 6: The International Economy 6.1 Globalisation Notes Characteristics of globalisation: Globalisation is the ever increasing integration of the world s local,
More informationTHE GLOBAL ECONOMIC CRISIS DEVELOPING ECONOMIES AND THE ROLE OF MULTILATERAL DEVELOPMENT BANKS
THE GLOBAL ECONOMIC CRISIS DEVELOPING ECONOMIES AND THE ROLE OF MULTILATERAL DEVELOPMENT BANKS ADDRESS by PROFESSOR COMPTON BOURNE, PH.D, O.E. PRESIDENT CARIBBEAN DEVELOPMENT BANK TO THE INTERNATIONAL
More informationEconomics has been defined as the study of how people respond to incentives.
Unit 1 Notes Incentives Economics has been defined as the study of how people respond to incentives. An incentive is a factor that motivates someone to behave in a certain way. Incentives Positive incentives
More informationEconomic Development and Transition
Economic Development and Transition Developed Nations and Less Developed Countries Developed Nations Developed nations are nations with higher average levels of material well-being. Less Developed Countries
More informationINCLUSIVE GROWTH AND POLICIES: THE ASIAN EXPERIENCE. Thangavel Palanivel Chief Economist for Asia-Pacific UNDP, New York
INCLUSIVE GROWTH AND POLICIES: THE ASIAN EXPERIENCE Thangavel Palanivel Chief Economist for Asia-Pacific UNDP, New York Growth is Inclusive When It takes place in sectors in which the poor work (e.g.,
More informationB 3. THE PROPER ECONOMIC ROLES OF GOVERNMENT
B 3. THE PROPER ECONOMIC ROLES OF GOVERNMENT 1. Government, through a political process, is the agency through which public policy is determined and in part carried out. a) It is one of the means employed
More informationCHAPTER 18: ANTITRUST POLICY AND REGULATION
CHAPTER 18: ANTITRUST POLICY AND REGULATION The information in Chapter 18, while important, is only tested on the AP economics exam in the context of monopolies as discussed in Chapter 10. The important
More informationLessons of China s Economic Growth: Comment. These are three very fine papers. I say that not as an academic
Lessons of China s Economic Growth: Comment Martin Feldstein These are three very fine papers. I say that not as an academic specialist on the Chinese economy but as someone who first visited China in
More informationKey Trade and Development Policy challenges in post-conflict countries: the case of Liberia and Sierra Leone
Key Trade and Development Policy challenges in post-conflict countries: the case of Liberia and Sierra Leone Conflict in the study countries Development frameworks in Liberia & Sierra Leone Trade and Development
More information