Discuss the relevance of the history of economic thought to either: (a) selected current Caribbean economic issue(s) or (b) selected current global economic issue(s).
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Discuss the relevance of the history of economic thought to either: (a) selected current Caribbean economic issue(s) or (b) selected current global economic issue(s).
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- List down the important ideas/concepts. Globalization is the term used to describe how countries are becoming more interconnected economically and culturally. Globalization is an international process driven by trade, investment technology, and finances; this process affects culture, political systems, economic development and prosperity, and human physical well-being worldwide. Globalization is not new, though. For thousands of years, people and later corporations bought from and sold to each other at great distances. One such example is the thin silk road across central Asia that connected China and Europe during the middle ages. Still, what exactly has driven globalization over the past 20 years? These have been significant developments in both communications and transport technologies. The introduction of specialized bulk carriers and container ships has helped reduce the cost of transportation and significantly increase the volume of world trade. Recent developments in…Question 2 Globalisation Explain the cause, effect, and future of globalisation. Your answer should be based on an appropriate order following these key words and phrases: history; mercantilism; protectionism; David Ricardo; WTO; beneficiaries; those disadvantaged; trade wars; multilateral, plurilateral and bilateral agreements; future of globalisation.Prepare a Strategic Plan for the period 2022 – 2025 for a Caribbean Country of your choice. This Strategic Plan should propose a minimum of one policy objective for each of the tenets of sustainable development. Description of the economic framework (economic indicators: new and traditional); economic trends Description of the Regional context (CARICOM/CSME) Comment on the impact of globalization on the economic development of the country over the past 5 years Comment on the impact of climate change on the sustainable development of the country over the past 5 years The Strategy should cover the following sections: Development of the policy initiatives which are being proposed to facilitate sustainable economic development Explain how the policy initiatives will deliver on the objectives of the Sustainable Development Goals (SDG’s). (SDG Objectives: End Poverty; Reduce Inequalities; Tackle the Environment) Align one policy and or programme initiative with Meier’s primary goal of…
- Prepare a Strategic Plan for the period 2022 – 2025 for a Caribbean Country of your choice. This Strategic Plan should propose a minimum of one policy objective for each of the tenets of sustainable development. The Strategy should cover the following sections: Development of the policy initiatives which are being proposed to facilitate sustainable economic development Explain how the policy initiatives will deliver on the objectives of the Sustainable Development Goals (SDG’s). (SDG Objectives: End Poverty; Reduce Inequalities; Tackle the Environment) Align one policy and or programme initiative with Meier’s primary goal of economic development Governance framework – identify the critical elements of good governance which will be critical to the success of your strategy. Analyse the potential impact of the COVID-19 Pandemic will have on the implementation of the strategy.List down the important ideas/concepts presente. Globalization is the term used to describe how countries are becoming more interconnected economically and culturally. Globalization is an international process driven by trade, investment technology, and finances; this process affects culture, political systems, economic development and prosperity, and human physical well-being worldwide. Globalization is not new, though. For thousands of years, people and later corporations bought from and sold to each other at great distances. One such example is the thin silk road across central Asia that connected China and Europe during the middle ages. Still, what exactly has driven globalization over the past 20 years? These have been significant developments in both communications and transport technologies. The introduction of specialized bulk carriers and container ships has helped reduce the cost of transportation and significantly increase the volume of world trade. Recent developments in…In recent years there has been considerable backlash against globalisation. Critically discuss the causes of this reversal. Highlight a particular challenge and opportunity that globalisation may face in the future, focusing on the implications of the current developments addressing global issue of climate change. Hint: Students must critically discuss political, economic, environmental and technological arguments in context of current global economic developments of ‘Net Zero
- how have global interactions ( exploration, trade, colonialism, imperialism, etc) impacted Hawaii? addressing the time between 1450-1900.Question 2: Empirical research in various countries creates so many problems for the researchers. Describe these problems that are generally encountered during such type of research.During the last 20 to 30 years, there have been a number of countries whose econo- mies have experienced important economic expansion and development. One group of countries has been labeled the BRIC and the other the VISTA. Identify each of the nine countries and provide some insights about their economies and economic importance.
- Question: Advantages and disadvantages of (the country of your choice - Romania) joining the Eurozone: A model-based analysis Select ONE country (Romania) from the list of countries below. Discuss the advantages and disadvantages the country you chose would face if it joined the Eurozone. You must justify your answer by focusing on the macroeconomic variables of Croatia (which recently joined the Eurozone), the Eurozone (average) and your chosen country for the period 2011-2023 (or the latest available year). Your arguments should be justified through an analysis on the basis of 2 models - Fleming mundell model and dornbusch and frenkel models.The decision-making process involves interaction among many aspects of a nation's culture, such as its laws, form of government, ethics, religions, and customs. Each economic system can be classified into one of three basic types: (1) traditional, (2) command, or (3) market. 1. Study Questions and Problems #1 A central planning agency called the Gosplan set production quotas and prices for the entire economy. For example, the Gosplan decided what wages a dairy farmer should earn, how much land can be used to grow hay, and what the cows should be fed. What type of economy best corresponds to this culture? The market economy The command economy O The traditional economy Capitalism Socialism Communism O O In the following table, indicate which economic system best matches each description. Description An economic system characterized by private ownership of resources and market-based delivery of goods and services An economic system characterized by government ownership of resources and…Provide a critical discussion on each of the following economic systems. Discussion should include clear definition and discussion on any two advantages and two disadvantages of each system.(i) Free Market Economy(ii) Command Economy