Essay about Political and Economic Developments in the Catch-Up Nations

1496 Words Feb 12th, 2014 6 Pages
Consider Political and Economic Differences Paper: In this paper, provide a descriptive title or heading for your paper by focusing on topics or countries that interest you (such as “Political and Economical Developments in the Asian or European Systems”), and then discuss the following concepts: 1) Explain in detail why and how the political systems of countries differ; 2) discuss how the legal systems of countries differ; 3) explain what determines the level of economic development of a nation; 4) discuss with examples the macro-political and economic changes taking place worldwide; and 5) analyze how transition economies are moving towards market based systems. You can use specific continents, countries, or country as your focus. …show more content…
The constitution protects individual liberty and includes an extensive catalogue of human rights that is largely a response to the flaws of the 1919 Weimer Constitution, which did not prevent the rise of the Nazi Party.
German political system. A multiparty system has been in place since 1949, and it has been dominated by the Christian Democratic Union and the Social Democratic Party of Germany. The political system is articulated in the 1949 constitution or Grundgesetz (Basic Law) which has been in effect since Germany’s reunification, with only minor amendments.

Global Macro-Political and Economic Changes John O’Sullivan of The Economist doesn’t mince words: “The shift in economic power from West to East is accelerating—the rich world will lose some of its privileges”. (O’Sullivan, 2011) Living standards across nations are converging as the developing, poorer countries work to catch up with more economically developed countries (MEDC) (O’Sullivan, 2011). The competitive edge is dulled as the technological know-how, knowledge work “secrets,” and practices of the rich West are being adopted and adapted by less economically developed countries (LEDC) (O’Sullivan, 2011). The fastest growing of the LEDC are China and India, but other LEDC countries in Africa and Latin America are closing the gap also. (O’Sullivan, 2011) Not only is the gap closing, but

Related Documents