1)define neoliberalism and 2) briefly discuss why this global system can be viewed as problematic for people in lower socio-economic status groups.
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- 4 Discuss the main theories underlying mercantilism and justify its relevance in current times by providing examples of countries that are implementing mercantilist policies.Question 6: Albarran – Chapter 7 When a country or nation decides to globalize, it is typically centered on trade and commerce with other countries, importing needed scarce resources and exporting abundant resources. A True B FalseWhat economic zone set by countries such as China and Indonesia can be seated as an example of neoliberalism as an exception and what are the implications for the future role of the state?
- QUESTION 2 2.a) Provide a definition of ‘technological capability’ and ‘social capability’ and describe the differences between them (5 points). Why can we say that innovation has a ‘systemic’ nature? (3 points). 2.b) Financial development, social capital, favourable business regulation, trade openness are different aspects of ‘social capability’ influencing innovation processes and, therefore, economic development. Make a ranking of these factors according to their observed degree of importance for economic development (3 points). Explain why ‘inclusiveness’ and ‘equality in opportunities’ can strengthen the innovation capability of an economy (5 points). 2 2.c) Figure 1 below shows the cross-country correlation between the development of the education system and the level of economic development. Analyse Figure 1 by arguing about the importance of the education system for economic development in low, emerging, and developed countries (9 points).how different economic systems and different social norms can create very different business and social incentives. Note that there are a lot of different things to consider here, but just as an example, just consider how an economic system characterized by respect for property would have a fundamentally different incentives for production and trade than one which automatically assumes that all resources are common property.QUESTION FIVE The statement below is NOT TRUE about waqf institutions. A ) The functions of waqf institutions are as a medium of ibadah to Allah and social function. B ) Waqf comes from a strong of tawhid and solidarity among human-being. C ) Waqf has been highly active in most Muslim countries compared to the previous era, like during the Ottoman empire. D ) Effective coordination of waqf at the micro and macro level may help to strengthen the waqf institutions.
- 1. What went economically wrong in the Central Eastern European states and in the USSR? 2. Although the problems of the planned economies were already obvious in the mid to late 1970s, why did the system survive so long? (Please argue from an economic not a political- ideological perspective!)popular refrain about the North Korean economy is that it is reverting to a command-andcontrol economy in the face of sanctions and pandemic isolation. An example is a Washington Post article from February, which claimed Kim Jong Un “turned his back on even modest economic and market reforms and reverted back to de facto Leninism, emphasizing central planning while trying to clamp down on the private entrepreneurial activity.” This claim reflects a misunderstanding of its current economic policy. Actually, Kim Jong Un’s economic reforms emphasizing markets and competition are continuing.Kim’s major change in North Korea’s economic policy was to encourage competition. Previously, the Democratic People’s Republic of Korea’s (DPRK) production unit was responsible for only executing the production targets required by the country. Through a constitutional amendment in 2019, North Korea abolished the “Taean [alternative] Work System,” the doctrine of economic management of business in the…Which of the following is An instrument designed directly or indirectly by a government to solve a given economic problem or to obtain a given economic objective ? A, Policy B. Law C, Principle D, Theory
- Categorize the following as microeconomic or macroeconomic questions: (vii) Why are interest rates rising? (viii) Why are economic growth rates different in the Jamaica and Antigua?how does mercantilism be considered as a system and how viable is such a system. Also what are some of the essential ideas/assumptions of the classical and neo-classical economic schools relating to international trade. What are the agenda/topics of The World Economic Forum unfolding at Davos Switzerland pertaining to economic and international economic issues.Apart from being “control centers" and “focal points" of global capitalism, global cities also harbor challenges to its logic and its global domination. Can you provide some contemporary examples?
