Institutional economics

Mongolia is a country that is rich in natural resources such as gold, copper, coal, uranium and oil. This makes the mining sector of great importance to their national economy. In 2010, Mongolia’s mining sector made up 25% of the GDP in 2010. Then Mongolia’s mining sector is a key driver of growth in the country (World Bank: 2015). Therefore, ending corruption in Mongolia’s mining sector could lead to more efficient use of natural resources, and eventually facilitate the redistribution of…

significant portion of economic activity in the market economies, especially in the area of social services, the importance of which is growing. Project Match, which financing comes from the Illinois Department of Public Aid budget, is also a non-profit organization that represents a form of institutional hybrid that combines traits…

country to increase per capita income, and although that is very important, economic institutions are often as big of a factor. I’m a strong believe that in order to see sustained increase in development strong political institutions need to be in place. With that being said economic institutions play a huge role in the long-term success of sustained development. In Friedman’s Capitalism and Freedom, he argues that economic freedom lead to political freedoms. A modern day example of this is the…

This comparative analysis between two countries basically focused on several key concepts as put forwarded in WNF, such as small differences and critical junctures, inclusive versus extractive political institutions, inclusive versus extractive economic institutions, and vicious circles versus virtuous circles. Similarity and Contrast between Mexico and United States Mexico is the neighbor of the United States, inhabited by 1007.4 million population. Area is about 761,600 sq. miles which is…

Daniel Fusfeld (1988, pp 264-265) took a General Economic History class under Karl Polanyi at Columbia University and offers some insights into Polanyi’s economic thinking. Fusfeld places an emphasis on two central concepts Polanyi utilized in substantive economics, and “great transformations” which have transmuted economic systems throughout history. Polanyi’s teachings offer a window into how societies have arrived at capitalism as well as how values have changed and transformed the concept of…

influence of state interests. The second is the liberal institutional approach which suggests that the state is constrained by societal interests built upon liberal norms. The third transnational…

Food insecurity and consequent vulnerability are the complex socioeconomic and political issue than just related to access to food (Fullbrook, 2010) or poverty. In Uganda, all the prevailing determinants of food insecurity have long-run social and economic consequences, e.g., child malnutrition and adult illness that resulted in a lower earning capacity for the present-day and the future generation, losses in domestic productivity, that presumably continues in perpetuity (Ahamad et al., 2013).…

The development of communication and new technologies, and the use of Internet have made huge economic and political transformations. People, banks and industries use the cyberspace to trade their capitals among national and regional economies. Moreover, economic integration and economic globalization have shrunk economic connections across the globe. Goods and Services can be easily trade among nations because there are several facilities of transportation, control, and payment. The increase…

‘disintervention’ using the examples of the anti-apartheid movement in the 1980s and Congo’s Kimberly process (p.41). Nili’s argument might have been enriched by a reflection on the Boycott, Divestment and Sanctions (BDS) movement as well as the economic sanctions on Iran, North Korea and Sudan. Nili’s combination of a theoretical and empirical analysis is persuasive. However, Nili’s argument suffers from a theoretical fallacy based on Nili’s conflation of ‘citizen’ and ‘government’ and, also…

countries interfere in this integration. It can start as economic integration, and then it may become political integration. The promotion of regional integration boosts serious political and economic benefits in the countries that have less power. European Union is a model of regional integration: EU is a model of regional integration. In those past years, EU has been a great example of economic integration, because of the figures of trade…