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23 Cards in this Set

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Political Economy
Study of how communties pursue collective economic goals and deal with conflict over resources and other economic factors in an authoritative way by means of government
Laissez-Faire
Emphasis on persopnal gain, production based on profit not need, allows economy to regulate its self, demand influences supply; individual economic self interest instead of the society as a whole
Central Planning
Supply oriented: no competition, massive involvment of state
Mixed economics
balance between competition and control: production is demand orientated, state uses fiscal measures to promote growth of private buisness
Welfare State
state plays a redistrubutive role, Goal- combine freedom of private enteprise witht he security of the socialist security network
Federalism
national and subnational units have their own spheres of policy making
Unitary Government
national government has all the legitiamte power
Italy
unitary, 20 regional governments: share responsibilty with national government, dependent on them for funds
India
diverse population, 26 states, federal government controls most essential functions, regional governments are stronger since 1998.
United States
Clear authority, decisive control, hyperconcentration of power
Coming together
states offer consent to form a union
Holding together
formed from a single unitary state
Asymmetric
Different states are assigned different linguistic, cultural and legal competence
Third World
developing world, NIC's, the South- GDP per capita: 60x less than the deveolped world
Modernization Theory
All countries are moving in the right direction, invite forgien captial, commercial farming,(concentration of exports)
Dependency Theory
Wallerstein- structure of world economics statisfies the needs of metropolitian powers
Neolibralism
Holy Trinity- free trade, property rights, limited government,(can't satisfy everyone, prone to economic crisis, vulnerable to outside forces)
Socialism
political and economic system in which private entreprises are abolished and replaced by some form of common ownership of factories, farms, and other productive entreprises
Problems with implemeting communism
underdeveopled countries, led to totalitarian regiems
Communists
against private property, support revolution, poltical and economic equality
Social democrats
against revolution, nationation of industry, promotes greater equality
Liberal/ radicals
seperation of church and state, free economy
Secular/ religious conservatives
Europe: interventonist, US- non- interventialist, against social change