If China's economy grows as fast for the next 20 years as it has for the past 14, it will be the biggest economy on earth: I feel that China's drastic improvements over the last 14 years are overwhelming, with their Real GNP growing at a rate of 9% a year. ... Perkins believed four conditions must be met for a market system to work well in reforming centrally planned economy. ... In 1978 China had an isolated economy, with a minimal share of world trade, commodities, especially oil which was China's main export. ... The party has a large role to play in China's transition ...

• Word Count: 953
• Approx Pages: 4
• Grade Level: High School

The world is filled with a great diversity of people, and perhaps the most defining characteristic of the human community is the God-given gift of opinion. Capitalism, Socialism, Communism, and Mixed economies; all of these are born of different minds and desires. ... Pearson discusses both the definition and misperceptions of our mixed economy and agrees with our textbook's definition of a mixed economy as being "an economic system in which some allocation of resources is made by the market and some is made by the government." ... Pearson said, "People are mixed, not economies. ... The...

• Word Count: 521
• Approx Pages: 2
• Grade Level: Undergraduate

Globalization and the World Market. ... The world will be a better place. ... In past times it made sense for economists to take the national economy as their main point of reference, yet this is no longer the case. ... The new world market promotes the features of and allows for the advancement of capitalism in the world today. ... The demands of the global economy are bringing about extreme changes in the work habits and lifestyles of people in their own native countries. ...

• Word Count: 1065
• Approx Pages: 4
• Grade Level: High School

Assigned third-world economy status, dependent upon the world market, and caught amid social and political wars, Africa has not adapted well to the changes thrust upon it by colonial rule. ... A factor contributing to Africa's inability to manage itself effectively is the colonial economic system, which has been thrust prematurely upon Africa, and which has relegated the African economies to a peripheral third-world status within the world economy. ... The economy's reliance on the world market is an important economic effect of colonialism, as are the new social and demographic chan...

• Word Count: 917
• Approx Pages: 4
• Grade Level: Graduate

Assigned third-world economy status, dependent upon the world market, and caught amid social and political wars, Africa has not adapted well to the changes thrust upon it by colonial rule. ... A factor contributing to Africa's inability to manage itself effectively is the colonial economic system, which has been thrust prematurely upon Africa, and which has relegated the African economies to a peripheral third-world status within the world economy. ... The economy's reliance on the world market is an important economic effect of colonialism, as are the new social and demographic chan...

• Word Count: 917
• Approx Pages: 4
• Grade Level: Graduate

Polanyi builds his argument by defining the foundation for free market economies. ... Polanyi postulates the "double movement" that will exist in the real economic world as a counter-balance in response to this this free – market liberalism system. ... Polanyi argues that negative consequences are inevitable from pursuing this utopian ideal as a struggle for resources in a resource-scarce world will ultimately lead to demise of nature and effectively human society. This presents a surprisingly relevant model that can be applied to economies of today. ... When Polanyi's theory is ext...

• Word Count: 1246
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

The mafia went from feeding off the economy during socialism, to owning the economy with market economy. ... They own the economy. ... The mafia has sucked the economy dry. ... The mafia will slowly move to other places into the world and corrupt there as well. ... There is evidence of Russian mafia activity in the US as well as in other western civilized areas in the world. ...

• Word Count: 735
• Approx Pages: 3
• Grade Level: High School

The abundance of land in the "New World" gave poor Europeans a chance to own their own land. ... The "New World" enjoyed its new culture in contrast to the old ideas of European Feudalism. ... The social acceptance of a free market economy became morally accepted creating two new religions. ... Life for settlers in the "New World" was quite different to that back in Europe. ... The abundance of land allowed for the capitalist economy to take the place of feudalistic European economy. ...

• Word Count: 584
• Approx Pages: 2

Not only did all of these countries have the fortitude of becoming world powers that have influence on every economical, social and cultural aspect around the world but also Darwinism and its impact on the Anglo-Saxon culture played a significant role. ... The U.S. misrepresented the Philippines on this World Fair in order to gain the public opinion that imperialism and therefore the expansion of the USA is part of their responsibility as one of the "fittest" nations of the world. ... By educating and civilizing the islander the U.S. could rely on a stable economy that would be helpful in expa...

• Word Count: 1057
• Approx Pages: 4

Which allows self-interest to drive the economy. ... If competition is present, the activity of the economy will be self-regulating. ... The ideals that he based his beliefs on are not all necessarily true in today's economy. In the next paragraphs I will discuss the pro's and con's of our capitalist economic system based on the real business world as we know it today. ... This is beneficial because it creates more jobs and attempts to keep the economy moving forward. ...

• Word Count: 779
• Approx Pages: 3

Can Marxism function in a modern-day world? ... Marxist socialism requires a strong government; an "enlightened dictatorship", and a strictly planned and controlled economy working in the interest of the whole community with emphasis on science, technology and industry. ... It can never again flourish in a world dominated by liberal democracy, where the power of the state must always be balanced against individual freedoms. ...

• Word Count: 757
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Cities currently are striving to separate and define their identity to appeal to the seemingly smaller world community. This in turn places more pressure on smaller countries to draw more monetary resources to compete with some of the worlds more affluent nations. ... Globalization is an inevitable force of human evolution that is partly driven by objectives in cutting costs in our free market economy. With this need to stimulate global economy it is understood that each country could benefit from the expansive mechanism. It is my opinion that globalization will continue to reshape the wo...

• Word Count: 254
• Approx Pages: 1
• Grade Level: Undergraduate

China's rise as the "world's workshop" has drawn to it scholarly interest in the scope of global capitalism. ... China's further integration into the neoliberal economy of the world has caused more pronounced structural imbalance and inequality of class. ... In the early 1990s, most of the socialist economies were forced into global capitalism since they were unable to sustain their form of conventional existence. ... The rapid incorporation into the capitalist economy of the world has compelled the Chinese national government leaders to reverse their earlier policies ...

• Word Count: 650
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Such events illustrate how "globalized the international economy had become" (Malcolm, 2001, 88) that reflects the idea of globalization which is " a relatively complete phenomenon in that it connects the economies of the entire planet demonstrates the connection of the global to the local it confirms that globalization is by no means a finished process - the crisis is solved by the IMF loans and regulations dominated by the US government with the IMF working closely with the US treasury" (Malcolm, 2001, 89), the US being the prime shareholder in IMF. The stringent conditions imposed by the...

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

With the incorporation of voluntary exchange and competition, Americans were forced to go out into the world and produce in order to survive and make a profit. ... The opposite theory to Fair Share is the "Fair Play" concept, which embodies the essential principles of a market economy. ... The right to private property stimulates growth in the economy, investment and voluntary exchange. ... By far, the benefits derived from having a Fair Play economy greatly outweigh the possible benefits of having a Fair Share economy. ... A market economy under the Fair Play concept encourages individual...

• Word Count: 929
• Approx Pages: 4
• Grade Level: Undergraduate

Capitalism in the world markets of today is a major factor in socioeconomic progress. ... The growth of market economies, world trade and the WTO, globalization and worldwide networks followed the rise of freely elected governments promoting market economies. Today, over 65 percent of the world's people live under freely elected governments. ... In this connected world, people are awakening to the reality that they have a newfound opportunity to improve their standard of living. ...

• Word Count: 438
• Approx Pages: 2
• Grade Level: Undergraduate

In the ideal society, government would only run the financial economy and trade. ... The financial economy would not be ran by the government and it will not be ran by corporations. This economy would be ran by the working class and would keep big industries from eating up the little guy. ... This can make the economy prosper. ... A society that has the best of both worlds is a good one. ...

• Word Count: 631
• Approx Pages: 3
• Grade Level: High School

This promoted the development of capitalism because strong workers resulted in strong companies which lead to a strong economy. ... This ability to overcome the desire for unessential items resulted in a rich economy. Because the people would have a hard work ethic and a strong sense of saving, an economy under the rule of this nature would blossom. ... However, Karl Marx had his own views on the economy and the basis of capitalism. ... Still, both of these men stated that productive forces shape the world of ideas. ...

• Word Count: 586
• Approx Pages: 2

In laymen's terms, the world now recognizes globalization because it has been extremely "globalized". ... "Globalization means the spread of free-market capitalism to virtually every country in the world, (Thomas L. ... "In response to the accelerating trend towards economic globalization, the surging technological revolution and the world development trend, we will vigorously implement the strategies of restructuring China's economy, developing the western areas, rejuvenating the nation through science and education and seeking a sustainable development, (Premier Zhu Rongji)." ......

• Word Count: 562
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

The people didn't work and they were a drain on the society and on the economy. ... From Europe, and especially from England, capitalism spread throughout the world, largely unchallenged as the dominant economic and social system until World War I brought in modern communism (or Marxism) as a savage and hostile government. ... This is a drain on the economy and as result the whole thing comes crashing down. ...

• Word Count: 402
• Approx Pages: 2

The Cold War engulfed the entire world for nearly half a century. ... World peace can be achieved through globalization. ... Globalization has shifted the world's focus from aggressiveness, isolation, and confrontation to free trade, democracy, and capitalism; what used to be "opponents- during the Cold War are now considered "global business partners- in the world economy. ... Superpowers such as China now realize that fighting only leads to the downfall of their country and its economy. ... Equipped with the Internet, a peaceful mind, and money in their pockets, countries have the a...

• Word Count: 1058
• Approx Pages: 4
• Grade Level: Undergraduate

As long as the capitalist economy dominates throughout the world, the debate on socioeconomic inequality will always be a heated one. ... Although the income distribution pattern in the United States is very different from that of a third world country -- where a small number of families may be very wealthy while a majority of families are very poor -- the change in income distribution is, nonetheless, disturbing. ... The change of nature of the domestic economy, from manufacturing to service jobs is a main reason for the growth of income disparities in the United States. Technological chang...

• Word Count: 1152
• Approx Pages: 5

Totalitarianism - authoritarian government that attempts to regulate every aspect of sociocultural life. 4c) Countries in the democratic category, which includes Canada, have mixed economic system, with the emphasis being towards a market economy rather than a command one. ...

• Word Count: 890
• Approx Pages: 4

Guyaquil provided the world with cocao which was popular mostly with the aristocracy of Europe. ... They were able to experience a world where economic freedom was possible: "a relatively egalitarian world-. ... The economy of Guyaquil was distorted. ... The people were not given the ability to have a free, capitalist economy and in the same were not given the ability to have a free, liberating democracy. ...

• Word Count: 530
• Approx Pages: 2
• Grade Level: High School

Which is to say, that even as the capitalist machine creates this amazing new social revolution, it is by its very actions unbalancing the economic and social aspects of the world, that are vital for stable markets and economies. ... However is this later need is never met, these additional products are left to sit unused, thus de-valuing markets and economies, and decreasing the individual purchasing power of people. ... As Kaplan states, "We are entering a bifurcated world. ... They have a world to win." ... In order to prevent an eventual collapse, countries must force their economy to...

• Word Count: 1172
• Approx Pages: 5
• Grade Level: Undergraduate