The main reasons behind this new approach to studying economic systems are the immense political and economic changes that took place both in the Western and Eastern hemispheres. ... The modern approach studies the impact of the history, geography, cultural influences, and trade patterns of a particular country on its economy in order to determine the path that system will take and how it will fare. ... This again reiterates the advantages of the modern approach as it seeks to study why the former systems collapsed and it's after effects. It is important to understand that the economic...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate

There exists a plethora of studies, debating whether China's current path is one that is headed to the top, or whether China is a the precipice of its development with looming declines in the near future, plagued by weak institutional reforms. ... As he sees it there are a "raft of concerns" and "collectively they are more than enough to return China to the fractured, self-containing mess that it has been for most of its history" (p. 290). ... Throughout its history, the Chinese government has experienced many types of economic policy, ranging from the heavy industry, ...

• Word Count: 1993
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Upon studying the history of Liberalism, one can see that it has been subjected to a process of initial growth, intermediary decline, and finally a recent transformation. ... As far as development is concerned, many different development models and theories have molded and formed its history in the last century or so. ... The dynamic nature of development processes makes it necessary to take an interdisciplinary approach to the study of development, one that includes sociocultural, political, and environmental factors as well as those economic. ... The fact that it overlooks anything that is...

• Word Count: 2010
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

It is the main and proper study of every citizen."" ... During this time he also completed several more works: Nation, State, and Economy: Contribution to the Politics and History of Our Time (1919), Economic Calculation in the Socialist Commonwealth (1920), Socialism: An Economic and Sociological Analysis (1922), Stabilization of the Monetary Unit, from the Viewpoint of Theory (1923). ... To qualify as economic activity in Mises' view, production must be guided by rational principles. ... Instead, the cause of socialism's irrationality is that those highly motivated and compete...

• Word Count: 2749
• Approx Pages: 11
• Grade Level: Undergraduate

Studies have shown that successful management boards of directors and other leadership teams typically establish and mitigate threats prior to considering and introducing fresh products. ... In practice, this implies that the management team must develop and adhere to the policies and procedures that guide the process of introducing a new commodity (Henry 2008). ...

• Word Count: 9702
• Approx Pages: 39
• Grade Level: Undergraduate