Question

the commanding heights:the battle of ideas

ide for The Commanding Heights Macro (1) Search 95 Review View Help DYMO Label A AaBbcod AaBbccd Aabba AaBucc AaB AaBbce mal 1 No Spac. Heading 1 Heading 2 yap Styles HARIS 6. What are some of the macroeconomic reforms implemented by Margaret Thatcher and Ronald Reagon? 7. Hayek said when he was a young man only the very old believed in his free-market ideas, but by the end of his life the young were starting to believe in free markets again: what did he mean, what changed? 8. What do they mean when they refer to the rise of "globalization in the 1990s and 2000s? What changed to lead to this development? 9. How did the dominant attitudes about macroeconomic policy in the USA and most of Western Europe) differ from 1910 to 1950 $ 2000? 10. The documentary ends around the time of the 9/11 attacks of 2001. How do you think attitudes toward economic policy have changed since that time? What events or ideas have influenced that change most? if you were to update the documentary to 2015 where would you say the debate ("the battle of ideas") is relative to the benchmarks of 1910, 1950, and 2000? Polpay Settings is @element

Answer 1

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ANSWER NO :- 6 - So where will "SOME MACROECONOMIC REFORMS IMPLEMENTED BY MARGARET THATCHER AND RONALD REAGAN"

Under Margaret Thatcher Britain introduced a new set of economics reforms that have become a pretty much norm for the developed world. The most obvious of those days was privatisation, which swept around the world, and labour market reforms.

1. There are not just single instead of this, many state-owned airlines left in the developed countries, and Germany’s success in the past decade in cutting of its unemployment from one of the highest in Europe to one of the lowest as a result of the Hartz reforms, which brought it labour practices much closer to those of the UNITED KINGDOM.

2. Thatcher's economic reforms influencing the economic world, but the next big changes would not come from the britain

The despair of the 1970s in the UK gave a way to tidal wave of the economic liberalisation

U.S. President Ronald Reagan (c) is surrounded by (l-r) President of the European Union commission Gaston Thorn and Japanese Premier Zenko Suzuki, German Chancellor Helmut Schmidt, Canadian Prime Minister Pierre Elliott Trudeau, French President Frantois Mitterrand & British Premier Margareth Thatcher and Italian Prime Minister Giovanni Spadolini during the Summit of leading industrial countries, in Ottawa, 18 July 1981.

3. The four pillars also very important in which the reform is based also called the  Reagan's economic policy which is to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.

4. The collapse of the "communism" in Eastern Europe & the former Soviet Union is also results into their policies. Of course, Reagan and Thatcher have always had their critics, some of whom now believe that the world economy will revert to pre-Reagan and pre-Thatcher policies.

Collapse of communism plays also plays significant role in implementation of reforms.

5. Reagan's " tax policies" reduced top income-tax rate from 70% to 28% during the time period of 1980-1986. Although the top tax rate has climbed back to about40 percent, but the policy is quiet significant for implementing.

So the above discuss reforms which are implementing by Thatcher and Reagan plays significant roles in macroeconomics.