International political economy

thirsty for knowledge, questioned anything and everything, who dived into curiosity, and who increased the country’s worth. What many do not realize is the richness that education delivers to an economy. Author Mustafa Hatipler, in his article "Development Economics and…

gap has grown. As stated by Robert Reich in Inequality for All, our economy relies and depends on the middle class which is decreasing rapidly. The middle class is extremely important to keeping the balance in the economy, however currently the rich have been getting richer and the middle class has been getting smaller. We look to the middle class to do the tougher jobs that keep American businesses running and make our economy prosperous. If the United States does not find a solution to the…

2001). So, what did Singapore do differently? As a country with a small open economy, Singapore is extremely susceptible to external actions, especially in the surrounding East Asian region. Therefore, the large and adverse economic shocks caused by the Asian financial crisis should have had a devastating effect on Singapore’s economy,…

persuade readers to see why people should stop ‘spending so much taxpayer money on Overseas Aid.’ It uses four main ideas that each focus on why Overseas Aid does not work due to failed economic polices; has no role in strengthening or developing the economy when it suffers from poverty; increases corruption because money ends up with ‘bad governments’ making it more powerful and explains that ‘our own’ comes first then others. The argument provides the reader with many different reasons to…

poorer working class, but like actual superstores Big Box was met with much opposition when it tried expand to San Francisco. The referendum placed against Big Box kept them out of the city and is a perfect example of government interference for political reasons. While the book never goes into detail, it can be easily assumed the corporation was kept out because of how easily it would destroy the competition. Mom and Pop stores would never be able to survive when a major corporation could…

today’s society. It is embedded within our culture and also within the so-called “American Dream” like nothing else in comparison. Our world is ruled by Capitalism, the world’s top heavy weights are of capitalistic ideology and have structured their economies to run in said fashion. It is near impossible to eliminate income inequality in a realistic environment, however it could be done theoretically if everyone were to be on a “same page” basis with regards to how things should be done…

inducing long-term structural changes to any given country’s economy, especially for developing economies (2008: 224). This is the case as in developing economies, investment decisions without state guidance would typically only serve to “perpetuate existing structures” and not lead to any major industrialisation (Beresford 2008: 225). I believe this conclusion to be sound on basis that often long-term investments, particularly in developing economies, typically require state investment as I…

They agree that when individuals peruse their selfish interests and in turn, become dependent in one another, and consequently create the modern economy. However, they differ in the nature of how these two principles interplay in economic activity (production and exchange). In Steuart’s point of view, the economy is a social system. He calls it the political oeconomy. Steuart…

the global economy what it is today. Mass jobs have been created, new ideas have spread, and businesses have boomed due to the two main revolutionary advancements in history. The current problem with the technology wave is that there are far too many unanswered questions about what it will do for our economy. In the past, increased advancements have led to economic growth and development to developing and developed countries alike. Now with technology growing exponentially, the economy is at…

Nowadays we live in a mostly capitalist society, we buy many products and services and do not even think about the waste that we are generating or about the impacts that we are having in the environment. In order to make a difference on how we treat the environment, we have to be more self conscious about the contributions that we have on it, so that we can find ways to act accordingly. It is easier to understand and see what the harms are that we cause and how to change our actions to be more…