Nationalism and Economic Policy in the Era of Globalization
... of togetherness against a common enemy that operated in many liberation struggles against colonial powers. However, they tend to weaken after political freedom is achieved. Commercial societies, often in the interest of trade and commerce, deviate from such rigid and explicit social norms, bestowing ...
... of togetherness against a common enemy that operated in many liberation struggles against colonial powers. However, they tend to weaken after political freedom is achieved. Commercial societies, often in the interest of trade and commerce, deviate from such rigid and explicit social norms, bestowing ...
Natural Resources and Economic Growth
... socially fruitful economic activity (Auty, 2001; Gelb, 1988). The combination of abundant natural resources, missing markets, and lax legal structures may have quite destructive consequences. In extreme cases, civil wars break out – such as Africa’s diamond wars – which not only divert factors of pr ...
... socially fruitful economic activity (Auty, 2001; Gelb, 1988). The combination of abundant natural resources, missing markets, and lax legal structures may have quite destructive consequences. In extreme cases, civil wars break out – such as Africa’s diamond wars – which not only divert factors of pr ...
Wage- versus Profit-led Growth in the Context of International
... may forward the link to others for similar purposes. Users may not engage in further distribution of this material or use it for any profit-making activities or any other form of commercial gain. ...
... may forward the link to others for similar purposes. Users may not engage in further distribution of this material or use it for any profit-making activities or any other form of commercial gain. ...
Political Geography
... Core-Periphery • Many states have grown to their present shape over a long time, from an original core area, which had good resources and was easily defensible. • This area usually contains the most economically developed base, densest population and largest cities, and most developed transportatio ...
... Core-Periphery • Many states have grown to their present shape over a long time, from an original core area, which had good resources and was easily defensible. • This area usually contains the most economically developed base, densest population and largest cities, and most developed transportatio ...
Economic Growth
... Of all the issues facing development economists, economic growth has to be one of the most compelling. In Chapter 2, we noted the variety of growth experiences across countries. It is true that all of these numbers, with very few exceptions, were in the single digits, but we also appreciated the pow ...
... Of all the issues facing development economists, economic growth has to be one of the most compelling. In Chapter 2, we noted the variety of growth experiences across countries. It is true that all of these numbers, with very few exceptions, were in the single digits, but we also appreciated the pow ...
Document
... The impact of deficit reduction on economic growth depends on which government programs are cut. Shrinking the deficit by cutting government investment will not stimulate growth as much as would cutting other types of government spending. © 2001 South-Western, a division of Thomson Learning ...
... The impact of deficit reduction on economic growth depends on which government programs are cut. Shrinking the deficit by cutting government investment will not stimulate growth as much as would cutting other types of government spending. © 2001 South-Western, a division of Thomson Learning ...
Chapter 1
... is that the United States’ advantage in terms of absolute income is again growing. 2. Define each of the following terms: a. production possibilities curve. b. technological improvement c. efficiency improvement a. A production possibilities curve is a curve showing the maximum combinations of two g ...
... is that the United States’ advantage in terms of absolute income is again growing. 2. Define each of the following terms: a. production possibilities curve. b. technological improvement c. efficiency improvement a. A production possibilities curve is a curve showing the maximum combinations of two g ...
Latin American structuralism
... between economic theory (and the preanalytical cognitive outlook associated with it) and political economy. The theoretical outlook of neoclassical economics gives a central place to the dogma of self-regulating markets, which means that neoclassical economic theory is based essentially on microecon ...
... between economic theory (and the preanalytical cognitive outlook associated with it) and political economy. The theoretical outlook of neoclassical economics gives a central place to the dogma of self-regulating markets, which means that neoclassical economic theory is based essentially on microecon ...
In the aftermath of the Great Depression of the 1930s and World War
... rate system, and the buildup of excessive debt in the Third World. These problems created a powerful movement, led by business and, especially, financial interests, to roll back the economic regulatory power of national governments, replacing conscious societal control with the “invisible hand” of u ...
... rate system, and the buildup of excessive debt in the Third World. These problems created a powerful movement, led by business and, especially, financial interests, to roll back the economic regulatory power of national governments, replacing conscious societal control with the “invisible hand” of u ...
Globalization Dynamics in Latin America: South Cone and Iberian
... European and North American post-Industrial Revolution capitalism. The second European capitalist expansion, basically British but also North American, enables the integration of Latin America economy with its global scale expansion through great companies - mainly in oil, copper, iron, cattle, grai ...
... European and North American post-Industrial Revolution capitalism. The second European capitalist expansion, basically British but also North American, enables the integration of Latin America economy with its global scale expansion through great companies - mainly in oil, copper, iron, cattle, grai ...
Technological Progress
... Calculate the steady-state capital productivity as a function of capital fundamentals. Calculate the growth rate of labor productivity when capital productivity is at a steady state. Describe the dynamics of labor and capital productivity, real wages and returns to capital over the different stages ...
... Calculate the steady-state capital productivity as a function of capital fundamentals. Calculate the growth rate of labor productivity when capital productivity is at a steady state. Describe the dynamics of labor and capital productivity, real wages and returns to capital over the different stages ...
Preview - American Economic Association
... between economic recessions and depressions and this distinction helps to explain why economic recovery can be weaker and take longer.2 A depression is defined here as when economies are growing at well below their previous rate of output (in total and per capita) and below their long-term average. ...
... between economic recessions and depressions and this distinction helps to explain why economic recovery can be weaker and take longer.2 A depression is defined here as when economies are growing at well below their previous rate of output (in total and per capita) and below their long-term average. ...
State Capitalism in China
... companies that have equity claims on those firms for which we do have data on equity ownership. We must know whether these holding companies themselves are state-controlled before we can make any meaningful statements about the ownership nature of their subsidiaries. For any analyst to be able to as ...
... companies that have equity claims on those firms for which we do have data on equity ownership. We must know whether these holding companies themselves are state-controlled before we can make any meaningful statements about the ownership nature of their subsidiaries. For any analyst to be able to as ...
CHAPTER 7 Economic Growth I
... high saving rate, it will also maintain a large capital stock and a high level of output, but it will not maintain a high rate of growth forever. 2. It is reasonable to assume that the objective of an economic policymaker is to maximize the economic well-being of the individual members of society. S ...
... high saving rate, it will also maintain a large capital stock and a high level of output, but it will not maintain a high rate of growth forever. 2. It is reasonable to assume that the objective of an economic policymaker is to maximize the economic well-being of the individual members of society. S ...
Living standards and growth by Cormac Ó Gráda and Kevin H. O’Rourke
... rapidly than rich countries. There are two key determinants of economic growth in the Solow model, apart from increases in A. First, there is net investment per capita, which determines the rate at which the capital stock increases. This is higher the further to the left you are in Figure 7.1. Secon ...
... rapidly than rich countries. There are two key determinants of economic growth in the Solow model, apart from increases in A. First, there is net investment per capita, which determines the rate at which the capital stock increases. This is higher the further to the left you are in Figure 7.1. Secon ...
CONVERGENCE CLUBS AND SUBSISTENCE ECONOMIES*
... The World Development Report (1990) on poverty concludes that there were 1.1 billion people living below the poverty line in developing countries in 1985. Of these, 633 million were classified as extremely poor. These findings are supported by a United Nations (1992) study on nutrition which finds ...
... The World Development Report (1990) on poverty concludes that there were 1.1 billion people living below the poverty line in developing countries in 1985. Of these, 633 million were classified as extremely poor. These findings are supported by a United Nations (1992) study on nutrition which finds ...
Chapter 3 Theories of Rise and Fall, Part 2
... returns; and if in fact increasing returns occur for any level of output, monopoly could be the result, because “under decreasing Marginal Cost, the first firm to get a head start will find its advantage increasing the greater it grows!” (Samuelson 1975, 473)2. ...
... returns; and if in fact increasing returns occur for any level of output, monopoly could be the result, because “under decreasing Marginal Cost, the first firm to get a head start will find its advantage increasing the greater it grows!” (Samuelson 1975, 473)2. ...
Institutional Competitiveness in the Global Economy
... stimulating economic growth, and otherwise enhancing national competitiveness. Competitiveness refers to the degree to which a country matches the socioeconomic performance of other nations. This is especially so, they say, in an increasingly global economy where capital, labor, goods, and services ...
... stimulating economic growth, and otherwise enhancing national competitiveness. Competitiveness refers to the degree to which a country matches the socioeconomic performance of other nations. This is especially so, they say, in an increasingly global economy where capital, labor, goods, and services ...
Lecture notes on Harrod - Docenti Università di Siena
... agree to follow Say’s Law. But, as Kalecki put it, capitalists do many things as a class, but they do not invest as a class. The other case is that they defer to a planning office the calculation of g w that is then imposed to the capitalist class as a mandatory rate of capital accumulation. Harrod’ ...
... agree to follow Say’s Law. But, as Kalecki put it, capitalists do many things as a class, but they do not invest as a class. The other case is that they defer to a planning office the calculation of g w that is then imposed to the capitalist class as a mandatory rate of capital accumulation. Harrod’ ...
The Impact of Income Inequality on Economic Growth
... such as infrastructure and education. The resulting undersupply of public services weakens the society’s productive apparatus, thus dampening economic growth (through a lack of public infrastructure and low productivity as a consequence of low education expenditures; see Bernstein 2013: 6). • Finall ...
... such as infrastructure and education. The resulting undersupply of public services weakens the society’s productive apparatus, thus dampening economic growth (through a lack of public infrastructure and low productivity as a consequence of low education expenditures; see Bernstein 2013: 6). • Finall ...
NBER WORKING PAPER SERIES THE LONG RUN IMPORTANCE OF SCHOOL QUALITY 9071
... educational system once the economy recovered, nor did anyone credit teachers for the turnaround.” And, Gerald Bracey (2002) takes the argument one step further. Noting that a variety of people from before and after A Nation at Risk had argued for improving schools in order to maintain U.S. economi ...
... educational system once the economy recovered, nor did anyone credit teachers for the turnaround.” And, Gerald Bracey (2002) takes the argument one step further. Noting that a variety of people from before and after A Nation at Risk had argued for improving schools in order to maintain U.S. economi ...
The Corporatist Political Economies
... system (Table 2). Thus, while it is clear that the Swiss industrial relations system delivers effective wage restraint (Fluder and Hotz-Hart 1998) and very low levels of industrial conflict (Table 1), workers are not compensated for their wage restraint with increases in the social wage as they are ...
... system (Table 2). Thus, while it is clear that the Swiss industrial relations system delivers effective wage restraint (Fluder and Hotz-Hart 1998) and very low levels of industrial conflict (Table 1), workers are not compensated for their wage restraint with increases in the social wage as they are ...
The Economics of Natural Disasters
... One such factor is the degree of economic inequality: more unequal societies spend fewer resources on prevention, perhaps because (whether as cause or as effect of the inequality) they lack the social cohesion needed to act for the common good. When the rich look out only for themselves, the poor ar ...
... One such factor is the degree of economic inequality: more unequal societies spend fewer resources on prevention, perhaps because (whether as cause or as effect of the inequality) they lack the social cohesion needed to act for the common good. When the rich look out only for themselves, the poor ar ...
Globalization Dynamics in Latin America: South Cone and Iberian
... movement with European and North American post-Industrial Revolution capitalism. The second European capitalist expansion, basically British but also North American, enables the integration of Latin America economy with its global scale expansion through great companies - mainly in oil, copper, iron ...
... movement with European and North American post-Industrial Revolution capitalism. The second European capitalist expansion, basically British but also North American, enables the integration of Latin America economy with its global scale expansion through great companies - mainly in oil, copper, iron ...
Week 2 Monday - Université d`Ottawa
... It aims at helping and promoting the production of Fairtrade labelled and unlabelled goods. Emphasis is put on exports from developing countries to developed countries. One of the aims of fair trade is to use some of the resources made available by the capitalist system: for example, it wants to per ...
... It aims at helping and promoting the production of Fairtrade labelled and unlabelled goods. Emphasis is put on exports from developing countries to developed countries. One of the aims of fair trade is to use some of the resources made available by the capitalist system: for example, it wants to per ...
Uneven and combined development
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.