World economy

In her work, “Regional Advantage: Culture and Competition in Silicon Valley and Route 128,” Annalee Saxenian observes the economic development of two very distinct regions, as aforementioned in the title, Silicon Valley and Route 128. Although, much of domestic economic growth can be witnessed at the regional level; the course of economic development is as distinct as the regions themselves. It’s no secret that Silicon Valley turned out to be the more successful of the two. With the use of…

Abstract LEADER, part of European Agriculture Fund for Rural Development (EAFRD), is one of the most important mechanisms in South Tyrol to boost regional economy. The programme is based on bottom-up approach and is carried out by the local action groups (LAGs), which represent a form of public-private partnerships. Innovation is an integral element of LEADER programme but it is defined very loosely in the guidelines, with the intention to leave an interpretation to the local actors. In…

Developing an economic system for in any society can be a challenging task for any newly created government. As the newly appointed Economic Minister of this newly created democratic nation, I have been given the ambitious task of designing an economic system in which capitalistic ideals and will achieve both sustainable high rates of growth and a robust middle class. In order to build this system, I will draw on multiple varieties of global capitalism. I will entitle my brand of capitalism…

self-interest. To best present itself as a shining example to the rest of the world, America should have maintained the values-based society presented by Winthrop, rather than presenting itself as the selfish and self-serving nation we currently are. By switching from focusing on the American dream to reverting back to old ideals as the focus of our nation, the selfish nature of America could disappear.…

employing around three thousand employees that worked for the government (Patterson, 2013, p. 333). However, towards the end of the 1800s the bureaucracy began to grow tremendously in size due to the growth in the economy (Patterson, 2013, p. 333). Also, due to the demands that the economy required, this would generate an even greater demand on the government (Patterson, 2013, p. 333). Nonetheless, in 1889 the Department of Agriculture was created to assist the farmers whom at the time was…

Athens was able to expand their city-state widely and increase their land which is a benefit in many ways. One way that greater land is a benefit to a civilization is that it provides more land for a higher population. This can help a civilization by creating a higher population of people available for farming, government officiating, opening more people that can join the army, and finally, greater increasing the chances of smart philosophers to be born. The expansion of population is one of…

acknowledges that sometimes collective knowledge can fail with disastrous consequences and suggests that groups are correct only under specific circumstances. Thomas Friedman, on the other hand, looks into the impacts that global cooperation has on the economy in his article “The Dell Theory of Conflict Prevention”. Collaboration fosters the opportunity to utilize the strengths and skills of everyone involved, which…

With the development of the social and economic development, our life also become more and more better. However，there is a question that what’s the purpose of we live? We live for make many money or we live for the happiness? Which one is more important for us? Is it important whether money is more important than happiness or happiness is more important than money? Different people have different ideas. For some people, money is more important than happiness, because they think that they…

Introduction Dual economy is an economy in which different sectors are growing at different rates. For example manufacturing and services industries or rural and urban areas many show significant differences in economic performance. Less developed countries have generally a dualistic economy, consisting of a large backward agrarian sector and a small modern manufacturing sector. During the process of development, an economy moves from a dual structure to one characterized by a larger…

Though the early English settlement of Plymouth provides several points that reflect America today, Jamestown presents a better representation of modern America than Plymouth in Massachusetts. To elaborate, the English settlement’s purpose in colonizing Jamestown was their economic motives to obtain a widespread English market for English manufactured goods. America today has become financially wealthy, yet companies persist on gaining a wider market with refining their products/services to…