National Differences in Political Economy

1.1 Explain how individuals can benefit from being as independent as possible in the tasks of daily living

The movie The Truman Show and the book Anthem, both address collectivism as well as individualism. However both are trying to say something to the viewers in there own way. In this essay I will be comparing the ideals of individualism and collectivism so that each perspective is shown. To begin this you must first know what the two ideals are and how they contrast with each other. Individualism Is when everyone has a responsibility only to the individual, the work they do and the outcome of the work directly benefits their own self.

I strongly believe that individuality should be valued over conformity. Today I will tell you how precious and rare individuality is, and why we should value it over conformity.

Modern terrorism, as deduced from this literature, is acts to violence strategically used by secular groups spanning international borders with the aim of achieving a desired outcome. Further, it can be seen as organized activity whose genesis can be traced back to the 1880’s. From then to now there are identifiable traits and patterns observed from different (terrorist) groups which have allowed for the conceptualization of the term modern terrorism. This concept therefore, can be best explained in the context of being a wave or having a life cycle. That means it is a cycle of activity demarked by phases from inception and expands along the way then eventually it declines. The world, thus far, has experienced four waves of modern

1.1 Explain how individuals can benefit from being as independent as possible in the tasks of daily living?

Free-market and Command economy are the two-major economy system. It has sparked years of controversies among individuals over which system is better. However, no agreement has been reached. Meanwhile, it is obvious that free-market economy predominates all around the world as the majority of countries are following an economy which free-market process the dominating position.

Human beings are individuals. Individuals with their own bodies, facilities and inalienable rights who live in a society. Society by definition is a body of individuals living as members of a community (Dictionary). Therefore logic will lead you to understand that individuals are the basic building block from which all societies are formed and without individuals, society would cease to exist. This provides a clear answer to the decades-old question, which is more important the individual, individualism, or society, collectivism. If individuals make up society how is it possible for society to be more important than the individual?

Several countries around the world are transitioning to a market economy; the most significant of these are China and Russia. What do you think the impact will be on other countries around the world as these two countries become even more significant in the global economy? What are some examples of this impact?

The argument can be made that economic freedom is a necessary precondition to political freedom, yet the unilateral focus of these reforms begs the question whether during the writing of the Washington Consensus, economic liberalization was solely a means to international development, or an end in itself. The historical support is for the latter, as John Williamson later reflects that there was, “a widespread attempt to tighten fiscal policy, extensive financial and trade liberalization, virtually universal elimination of restrictions on inward foreign direct investment, a lot of privatization, and quite a bit of deregulation. [But] the things that got most widely neglected were reforming public expenditure priorities, maintaining a competitive exchange rate, and extending property rights to the informal sector”

In our society people are given the freedom to act, interact and make choices as individuals. Everyone can interact with each other and they are allowed to pick a job or career. After people pick their job of choice they work to make and provide for their families. They are also allowed to pick a new career if the one they have doesn’t satisfy them. People are individually known and not characterized by just the job position that they have. Knowing these characteristics of individualism helps to understand why it is the base for today’s

Deregulation by definition is the removal of regulations or restrictions, especially in a particular industry. In my opinion this is a great thing for not just the government but for consumers as well. Three ways that deregulation helps our economy is by how it drops prices of goods, allows niche businesses to pop up and start making money, and finally how deregulation helps stop the appearance of monopolies.

     Freedom of individuality is seen as the essential form of freedom according to Mill. The freedom of thought and speech, discussed in Chapter 2, do play a pivotal role in ensuring freedom, however, they are viewed more as a means to an end rather than being something that should be pursued for its own good. The freedom of individuality is essential for human progress and development and “it is only the cultivation of individuality which produces, or can produce, well-developed human beings” (Mill 70). It is this stressed importance on the importance of

In our society today, there are many distinct types of economies. The three leading economies are Market economies, Traditional Economies, and Command Economies. Each Economy is very diverse and unique from the next. An example of a market economy is in the US, and in a market economy there is a great deal of individual freedom and less government involvement. A market economy is based on Capitalism. A Traditional economy is a small group of people who are their own government. Not many societies today use a traditional economy. In a command economy the government controls all economic decisions. Examples of command economies are communist countries such as China and North Korea. Each type of economy has its own advantages and disadvantages as well as its differences about resources and government involvement.

For many nations, it is essential to choose a system of organization that successfully and thoroughly meets the needs of all the people. While some countries have supported the idea of communism and strong government intervention in the economy, others have limited the role and power of their governing body in the marketplace. For instance, in the United States, the government has a small role in the planning and monitoring of their economy. Individuals compete heavily against one another to receive the maximum profit for themselves in an sufficient manner. The former USSR, on the other hand, used large amounts of government control to restrict competition and control the output and distribution of the goods

Kegley and Raymond stated: “The shape of the world’s future will be determined not only by changes in the objective conditions of world politics, but also by the meanings people ascribe to these conditions.” Terrorism is presently a major factor in international relations and has impacted the world to change in many significant ways. Terrorism is a political ideology that has been problematic in defining definitely because of its various interpretations around the world, as well as the fact that it is constantly evolving. Since the terrorist events of 9/11, the lives of many have been changed forever. A small group of individuals, which are a mere fraction of the population of the world, have managed to impact and shape the way international and domestic relations are looked at and handled. People question how secure and safe they feel due to uncertainty of public safety because of events such as 9/11. The war on terrorism in the 21st century has certainly and inevitably changed the landscape for global politics. However, the relationship between terrorism and global politics is troublesome and in ways problematic to describe accurately. Both terrorism and global politics individually are complicated phenomenon. It is erroneous to propose that one is responsible for the other or vice versa, but they are inextricably and inevitably linked. In the study of international relations, there are multiple theories and theoretical perspectives. In this essay, realism and liberalism