Argentina embraced US-style capitalism and adopted US-backed economic reform in the 1990s in the form of a fixed-currency system and unbridled free-market policies. ... The IMF and US have set a number of conditions in order to enable Argentina to qualify for such international loans such as overhauling its tax system, fixing the problem of provincial overspending, letting the peso float freely in the international market, adopting anti-inflationary monetary policy, a plan for lifting a freeze on foreign financial transactions, a concrete measure that its banking systems must continue to work ...

• Word Count: 506
• Approx Pages: 2
• Has Bibliography
• Grade Level: Graduate

Conditions created by the new global competition in industrial goods and later in financial services became increasingly incompatible with the theories that had previously dominated economic thinking, that is Keynesianism in the centres and anti-dependancy import substitution in the periphery. By the same token, these conditions helped resurrect older economic theories. ... Plant closings and relocations abroad may have been anathema to advocates of a national "industrial policy", but were perfectly compatible with a theory that regarded protected work forces as a constraint on market competit...

• Word Count: 1434
• Approx Pages: 6
• Grade Level: Graduate

It is important to note that each institutionalism is not a concrete theory but rather, a school of thought in which a central question is presented, a critical juncture is identified, and a path-dependent development is presented. ... A system used in this manner is surely going to degrade society, over time, and people will take advantage of the opportunity to do what they wish under a laissez-faire regime. ... No, there must be coercion, a type of system in which it is agreed upon, all along the ticket, that this way of thinking and this 'tragedy of the commons' system must be ...

• Word Count: 1790
• Approx Pages: 7
• Has Bibliography
• Grade Level: Graduate

During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and n...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

A perception is growing that educational systems in many countries could better respond to the needs of labor markets, help economies to avoid skills gaps, and ensure that adequately trained human capital is available to support business activity as well as to develop innovative capacity and entrepreneurship. ... Understanding the factors behind this process has occupied the minds of economists for hundreds of years, engendering theories ranging from Adam Smith's focus on specialization and the division of labor to neoclassical economists' emphasis on investment in physical capital a...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate