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20 Cards in this Set
- Front
- Back
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democratic consolidation |
Establishing democracy as a permanent regime |
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three things a state can have a role in the economy |
provide security, currency, and protect Property and contract Rights |
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Benetical roles a state has |
provide public goods and mitigate market failure |
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three causes of market failure |
externalities, imperfect infornmation, monopolies |
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political roles a state has in the economy |
Redistribution of income example is social security and food stamps |
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varieties of capitalism approach |
liberal market economy and command market economy |
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modernization theory approach |
third world counties become more developed |
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foreign direct investment (FDI) |
investing in a country that is not theirs |
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import Substitution industrialazion (ISI) |
developing nations should protect new industries by placing restrictions on international trade until they were strong enough to compete on the international trade market |
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why IsI failed |
could not export enough to pay for imports |
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structural adjustment programs saps |
ceated more domestic industries to get developed countries off the ground |
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why SAP failed |
unpopular due to jobs Lost and created debt crisis |
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democratic Regimes and development |
more accountable, stable, jobs were merit based |
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externalities |
Market can give positive or negative benefits to people who don't contribute to it |
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4 types of social policy |
universal entitlements, Social Insurance, means tested public assistance and tax expenditures |
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3 different types of welfare states |
social Democratic welfare state, Christian democratic welfare state, and liberal welfare state |
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3 types of healthcare Systems |
National health insurance, National health system, and market based private insurance |
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3 types of environmental policies |
command and control, cap and trade,.taxation |
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command and control |
environmental regulations |
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cap and trade |
certain amount of credits to pollute |
