Freedom and democracy and the economic development

Assignment Help Business Economics
Reference no: EM132065513

According to the classical theories of economics, a democracy economy is more likely to achieve economic freedom, and therefore, develops its economy better. However, if we take several examples in Asia such as China, South Korea, Singapore... These countries developed their economies the most during the periods which they were not too democracy, at least not to the western classical extent of democracy. How should we view the relationship between the politically freedom and democracy and the economic development?

Reference no: EM132065513

Questions Cloud

To impact the likelihood that the risks would occur : What would you do differently next time you have to develop and implement a new control plan? Please Explain.
Create a chart where you should describe their similarities : Analyze what country presents more cases of unethical behavior and which ones are the most ethical.
Government intervention and economic freedom : When we talk about Hayek as an economist, how should we value his ideas and theories? Are his and his followers' theories really be like: no government
Where the point of equilibrium is and what does it determine : Why the demand curve slopes downward and the supply curve slopes upward. Where the point of equilibrium is and what does it determine?
Freedom and democracy and the economic development : How should we view the relationship between the politically freedom and democracy and the economic development?
What will a man have in his account after : What will a man have in his account after 35 years if he invests $ 10,000 in a bank that pays an interest of 10% every year but compounds semi-annually.
How are mncs managed to build corporation globally : How can multinational corporations maximize shareholders wealth? How are MNCs managed to build a corporation globally?
Review problem related to performance : The problems I see with the system mentioned in this scenario is are numerous. One major problem I foresee is a lack of monitoring due to no adjustments.
Economy of a country if the government : What will happen to the economy of a country if the government allows the banks to print a lot of money and give the people cheap loans.

Reviews

Write a Review

Business Economics Questions & Answers

  Impact a population health model

How can innovations in health care technology impact a population health model. Give examples of technology that is available now?

  Product of monopolistically competitive? firm

What is the trademinus−off that consumers face when buying the product of a monopolistically competitive? firm? If a monopolistically competitive firm has excess capacity.

  When the price of product is increased

When the price of a product is increased 15 percent the quantity demanded decreases 10%. we can therefore conclude that the demand for this product is:

  If competitor increases its price what is the likely impact

If a competitor increases its price what is the likely impact? Please support your argument using the economic principles you have been reviewing. Quick Profit sells box juice for $7.50 and has an demand function of: Q = 300 - 20P. At the present pri..

  Would the firm gain or lose money by raising the price

Consider a good, called an ynoxinul, with a price elasticity of demand of -4. Suppose that there is a monopoly which controls the sale of ynoxinuls. Would the firm gain or lose money by raising the price? Suppose that the government want to tax ynoxi..

  Write a program that prompts for a date

Write a program that prompts for a date (month, day, year) and reports the day of the week for that date. It might be helpful to know that January 1, 1601 was a Monday.

  According to whether they are explicit costs-implicit costs

Angus works as a dairy farmer and loves his work. Because the dairy business hasn\'t been doing well lately, Angus is considering changing careers. He could work as a technician at the local dairy plant, and earn $27,000 a year. Angus decides to make..

  Ecide to adopt fixed exchange rate system

Imagine that Canada, the United States, and Mexico decide to adopt a fixed exchange rate system. What would be the likely consequences of such a system for (a) international businesses, and (b) the flow of trade and investment among the three countri..

  Currently paying monthly loan payments

Assume Jackie is currently paying monthly loan payments of $2,700 on a loan charging 9%, compounded monthly over a 20 year period Jackie still owes 8 years (96 payments) on the loan. The total amount she currently owes on the loan is closest to...?

  Previously monopolistic on a global scale

Dumping and predatory pricing involve selling at very low prices, even below cost, for the purpose of driving competitors out of business.  If a firm were to succeed it would be a monopoly and could raise prices accordingly. Why would a predatory mon..

  Shift of aggregate supply and aggregate demand curve

How do you draw a shift of aggregate supply and aggregate demand curve, to show aggregate supply shift to the right in regards to technological advancements?

  Determine the pump economic life

The pump's end-of-year salvage values over the next 5 years are $42K, $40K, $38K, $32K, and $26K. Determine the pump's economic life.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd