THE RATIONALE OF ECONOMIC REFORMS – CRISIS OF 1991 Domestic Economy: 1. There was inefficient management of the Indian economy in the 1980s. The govt expenditure was more than the govt. revenue. Govt. was not able to generate sufficient revenue from internal sources such as taxation. 2. To finance the deficit the government borrowed heavily from banks‚ people of the country and international financial institutions. 3. Development policies required that even though the revenues were low‚ govt
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‘The best hope for developing countries to attain economic growth is through integration into the world economy. And their tool‚ if only they are willing to use it is the multinational company’. Discuss. International Political Economy The best hope for developing countries to attain economic growth is through integration into the world economy. And their tool‚ if only they are willing to use it is…the multinational company’. Discuss The presence and activities of multinationals (MNCs)
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Ch.1 outline Scarcity – fundamental concept of economics that indicates that a good is less freely available than consumers would like Choice – the act of selecting among alternatives Scarcity and choice are the two essential parts of economics The economic way of thinking The eight guideposts of economic thinking (you don’t need to know them specifically – just know generally how they influence economic behavior) 1. the use of scarce resources to produce a good is always costly no production
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LA 160 U.S Government Prof. Jackson Lobbyists in American Government seems to be part of the system‚ for as long as I can remember. How did it get its start how did it become as big machine where it spends billions on it’s agenda. Many groups from many backgrounds go to Capital Hill‚ and try to influence our politicians into voting for their main interests. In this research paper I would like to explain part of the history of lobbyists in American Government. I would explain how
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c) Discovered tobacco‚ and became a monopoly. d) Pilgrims founded Massachusetts in 1620 arriving on the Mayflower. i) Pilgrims wrote the Mayflower Compact. (1) Provided a democratic government based on the opinions of everyone. e) Massachusetts and Virginia were extremely different in politics due to economic developments and social status. 2) Details about Massachusetts a) Massachusetts was settled by Pilgrims in 1620 and Puritans in 1629. i) Both the settlements merged in 1691 to form what
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and preserve the Union. The period between 1865 through 1877‚ created many questions as to whether African Americans were free or still enslaved. During reconstruction‚ some African Americans were free but others were still slaves. Many African Americans were free during reconstruction. The 13 th Amendment specifically states‚ “Neither slavery nor involuntary servitude… shall exist in the United States.” Considering the fact that the 13 th Amendment was ratified in 1865‚ it is illegal to participate
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HISTORY OF INDIAN AGRICULTURE Early history Barley and wheat cultivation—along with the domestication of cattle‚ primarily sheep and goat—was visible in Mehrgarh by 9000 BCE. Vedic period – Post Maha Janapadas period (1500 BCE – 200 CE) The Mauryan Empire (322–185 BCE) categorised soils and made meteorological observations for agricultural use. Early Common Era – High Middle Ages (200–1200 CE) Water storage systems were designed during this period. Kallanai‚ a dam built
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Every Lobbying Contact Had to be Reported? 1. An advantage of requiring lobbyists to report each contact with a government official is that voters would know which lobbyists tried to influence their elected officials and it might slow down the process of raising money through afternoon cocktail parties. 2. A disadvantage of requiring lobbyists to report each contact with a government official is that it could lead to a feeling of loss of privacy by lobbyists and elected officials and gathering
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Market failure and Government policies A case in which prices are unable to adequately adjust to reflect changes in supply or demand. Market failure may occur due to unexpected disruptive events such as wars or natural disaster‚ or due to economic barriers such as trade restriction or monopolies. Market failure occurs when freely-functioning markets‚ fail to deliver an efficient allocation of resources. The result is a loss of economic and social welfare. Market failure exists when the competitive
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Trends in Postwar American Culture and Society by Roland Marchand Roland basically created this chart to show some of the cultural trends after the postwar. He uses this chart to argue his claim that a more similar popular culture than anything Americans had ever known emerged in the postwar period and the similarity often appeared as a “decline of class and regional differences in clothing and recreation”. The results from the chart show that there was a rapid change in the number of under age
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