Economy of Australia

William Easterly’s article “Was Development Assistance a Mistake?” (2007) seeks to contribute to an ongoing discussion regarding the efficiency of the foreign aid provided to low-income countries. Easterly is a Professor of Economics at New York University, specializing in economic development. He has held some prestigious posts as an economist and researcher at the World Bank, Journal of Development Economics and Aid Watch, to name but a few. One of his books The White Man’s Burden: Why the…

Andrew Jackson played an important role in the age of economic nationalism and growing political sectionalism. Economic nationalism is a circumstance in which a country attempts to preserve its personal economy by minimizing the amount of imports and investments from other countries. Political sectionalism is the support of a particular part of the United States of specific political interests. Economic nationalism and political sectionalism can be seen in Andrew Jackson’s actions in the South…

Why is capitalism a better economy and society than communism? Because capitalism gives individuals rights and has dynamism when properly used. Capitalism is far superior to communism as an economy and society. The first part of this paper discusses about communism. The second part of this paper talks about capitalism. Finally, the pros and cons of each system will be discussed. Communism Communism was an economic-political philosophy founded by Karl Marx and Frederich Engels. It was founded in…

indispensable part of the general public lives. In fact, there are more than ten million passengers used public transports in Hong Kong every day. This data of traffic flow was counted the visitor. To compare with other city, which have similar economies of scale and land area, such as Singapore and Taipei, the Hong Kong public traffic flow is very high. When the public transport usage is high. It means the road traffic flow is high. It will bring some problem such as traffic congestion. To…

Public transportation is a system of transportation that the government offer for people who cannot use private transportation. Previously, the primary objective behind public transportation was to give low-income people a method of transportation with sensible costs. Nevertheless, nowadays some private companies changed this principle by using public transportation as a business deal. Numerous individuals believe that public transportation is essential for them and it makes their lives easier,…

theoretical idea that plurality of actors in the are very important in the international arena. Actors such as private, non-governmental, businesses, and individual leaders shape a state’s foreign policy and have become an important role in the global economy. Liberal’s concentrate on economic freedom like free markets and capitalism as well as democracy as a political system. These freedoms are seen as cooperation and interdependence amongst the international arena. Their personal…

INTRODUCTION: In recent years different economic systems were introduced in the global economy, from which individual countries chose the most appropriate system that can be adopted. These systems each contribute to the smooth running of the global economy though they each have their own drawbacks. The purpose of this discussion is to analyse economic systems that have been introduced into the global economy namely, capitalism, nationalism, communism and the mixed economic system. Different…

Three Ideologies of Political Economy and beyond By Bernardo Creamer The ‘Prezi’ presentation “Copy of Three Ideologies of Political Economy”, used in class, is based on the ideas contained in the book by R Gilpin about political economics. Gilpin states that there are three ideologies that differ over a wide variation of questions such as: - What is the importance of the market for economic growth and distribution of wealth among groups and societies? - What should be the role of markets in…

The World has been the scene of many economic crises and these tempted many great minds to think about the reasons behind these crises. Their reasoning generally affected by the time and geography they lived in. Capitalism started with and led to the many economic crises even in its earlier stages. Late 18th and 19th centuries had witnessed many economic recessions, unbalances, instabilities in Western Europe and Marx and Malthus are the two of the best-known economists of this era who tried to…

The improvement of the contemporary civilization has a tendency to increase the impact of capitalism on social relations, subculture, and values of societies. In this type of scenario, the development of the modern society leads to the weakening of primary ethical values and to the dehumanization of interpersonal relationships, while consumerist and commercial relationships grow to be a determinant factor in social relations. On this regard, it is conceivable to consult the book What Money…