Political economists have offered a range of explanations of economic and human development.Those explanations can be grouped in two types:political and economic. Which type of account best explains why some countries are developed but not others?
political economy aspects of development are more relevant in explaining why some countries are developed but not others.
Thus political factors are more relevant in development theory than the Economic factors.
Reforms often fail even when economic solutions that would improve public welfare are available. In order to improve the effect of good policies–be it reforming subsidy regimes, improving road maintenance and school management, or better regulating the financial sectors–better governance is utmost important.
This requires that politicians should become less self-serving and more focused on the provision of public goods.
Thus Political economy perspectives develop greater clarity about the forces promoting and impeding better development outcomes and focus on the type contributions that tend to strengthen existing or potential drivers of progress.
Also over the time, political systems require constant greasing, along with offering opportunities for significant private gain.
Thus despite of better condusive economic environment, some nations could not develop bcoz of lack of the better governance in these nations with less political stable environment
Political economists have offered a range of explanations of economic and human development.Those explanations can be...
Political economists have offered a range of explanations of economic and human development. These explanations can be grouped into two types: political and economic. Which type of account best explains why some countries are developed but not others?
J.B. Say and the Classical economists, followers of Say’s Law, offered two explanations of why a recession or economic depression (like the Great Depression) would be short-lived. Unemployment would disappear and leakages of savings would not be a problem for the economy. What are those explanations?
Which statement best explains why the technological advances of the past decade have increased political participation among young Americans? Select one : a. Technologically savvy people have traditionally had much lower levels of political participation than other groups. b. Young Americans face a broader range of social, economic, and environmental problems than previous generations. c. Fear of exposure in the many forms of social media predominantly used by young people has made politicians more responsive to the public. d. Social...
As the chapter discusses, differences in political, economic, and legal systems have considerable impact on the benefits, costs, and risks of doing business in various countries. The World Bank’s “Doing Business Indicators” measure the extent of business regulations in countries around the world. Compare Brazil, Ghana, India, New Zealand, the United States, Sweden, and Turkey in terms of how easily contracts are enforced, how property can be registered, and how investors can be protected. Identify in which area you see...
This discussion explores the political and economic reforms in Myanmar that are changing the nation’s future. For decades, Myanmar languished under a brutal military dictatorship. With its economy at a virtual standstill thanks to corruption and poor management, Myanmar, despite its wealth of natural resources, became one of the poorest countries in the world at a time when its neighbors were experiencing rapid economic growth. Sanctions by the United States and the European Union imposed in response to the corrupt...
Use economic reasoning to explain the views of these two groups of economists and describe why they look at land policy (institutions) differently. Use evidence to support your answer and draw a conclusion on which group of economists provide the best argument for land policies. Use examples that are current and up to date. Group 1 :Economists argue that immigration is a net contributor to the economy. They argue that they fuel economic growth, provide creative energy, and boost overall...
What factors explain why the world’s trading nations have become increasingly interdependent, from an economic-political viewpoint, during the post-World War two era? Please also incorporate some of the recent development in international trade from the NYTimes.
QUESTION 46 How do political parties differ from interest groups in the U.S.? Only political parties a. support particular policy preferences b.run candidates for public office c. form political action committees d.compete for favorable public opinion QUESTION 47 Which of the following statements about war is true? a. War occurs frequently between developing countries b. Recently, civil wars have been less frequent than interstate wars O c. War tends to occur when states rely too much on diplomacy Od. War...
PLEASE WRITE A CRITICAL COMMENT TO THIS ESSAY IN ABOUT 150 WORDS. tHANK YOU! Before talking about economic globalization and its impact on poverty, it seems vital to define the concept. Globalization is a worldwide and universal process of global integration of the countries in all areas that evolve a society (Economic, political, technological and socio-cultural); That is why it is cataloged as universal, because it covers all aspects of the life of a human being in a society. In...
Traditional economists also assume human beings have complete self-control. But, for instance, people will buy cigarettes by the pack instead of the carton even though the carton saves them money, to keep usage down. They purchase locks for their refrigerators and overpay on taxes to force themselves to save. In other words, we protect ourselves from our worst temptations but pay a price to do so. One way behavioral economists are responding to this is by setting up ways for...