How does each type of economy sustain itself

Assignment Help Other Subject
Reference no: EM131118797

WRITTEN RESPONSE #1 MGNT 4670: Political economy, property rights, corruption and economic development and transformation

Instructions: Refer to the key concepts covered in Chapters 2 and 3 of the text, the power points and M2 report about the political economy and economic progress and the relationship of property rights and corruption. Utilize this information to answer the questions 1-4 indicated below. Read the Country Focus on "India's Economic Transformation" on page 78of the textbook (10th edition) [page 889th edition] and answer question 5.Read thePart 2 Case "Siemens Bribery Scandal" onpage 150 of the textbook (10th edition)[page 1669th edition] and answer question 6. Use (cite) the facts in these cases to support your answers. For Question 7, conduct research on the Internet and follow the instructionsprovided. Your answers must be typed, double-spaced, size 12 font, in question-answer format with complete answers.The assignment should be a minimum of 3 pages in length (total)butlonger submissions are acceptable.

1) One of the components of the political economy is the economic system of a country. Discuss the differences between a market-based economy and a command economy. Include in your description of each type of economy an indication of: Who determines production? What is the role of the government? How does each type of economy sustain itself (i.e. continue to develop)?

2) What types of conditions in the political economy encourage economic growth? What is the role of strong property rights in economic growth?

3) There are two types of violation of property rights: public actions and private actions. What do private action violations involve? What do public action violations involve?

4) Describe (name and explain) the four (4) changes or developments which usually occur when a country undergoes economic transformation and moves toward a market-based economy. (hint: pay attention to the Power points)

5) Read the Country Focus on "India's Economic Transformation." Applying the facts of the case, answer the following questions:

a) What kind of economic system did India operate under during the period 1947-1990. What kind of economic system is India moving toward today?

b) What impact did widespread public (government) ownership of businesses and extensive government regulations have on new business formation and investment and the rate and level of economic growth in India during the 1947-1990 timeframe?

c) What impact did privatization and deregulation (and hence the further development of a legal system) have on the efficiency of business, new business formation, and the rate of economic growth during the post-1990 period?

d) India is still facing challenges to achieve the maximum benefits of economic progress and be competitive in the global marketplace. Discuss the obstacles which India must still overcome to achieve economic progress (name at least three areas in which India must improve).

6)Read the Part 2 Case "Siemens Bribery Scandal" and answer the following questions

a) What explains the high level of corruption at Siemens? How did managers engaged in corruption rationalize it?

b) What is the impact of corrupt behavior by Siemens on the business environment in countries where it does business? How does the kind of corruption Siemens engaged in distort competition?

7)Mini-Research on Corruption

The level of corruption varies from country to country. Explore this topic further by doing research online. Go to the Transparency International website at At the top of the home page, click on "What We Do" and look at the drop down menu. Select "Corruption by Country." Choose a country to investigate by either using the drop down menu on the top right hand side or by clicking on the map. The drop down menus in each country section can lead to more information. Research the level of corruption in the country you have chosen, the type of corruption that is present in the country, etc. and write at least one paragraph (minimum five to six sentences) analyzing the state of corruption in the country and describing the types and level of corruption in the country you have chosen.

Reference no: EM131118797

Characteristics and activities of an information system

Explain the characteristics & activities of an information system. Describe major components of a component of a computer based information system. Recognize the features & pu

Explain you think military service matters for a president

Some American Presidents had military experience, some didn't. Most importantly, explain whether or not you think military service matters for a President? Why or why not?

What three types of stress

What three types of stress does technology place on an individual? What are three other technologies that affect you in your daily life, rather than a cellphone and the intern

How would you integrate other systems such as vendors

Describe how you would use this e-Commerce system in a specific e-commerce scenario. How would you integrate other systems such as vendors, resellers, suppliers, and customers

How does television impact the men and women

Watch the premier episode of "The Honeymooners" "TV or not TV," which aired in 1955 -  How does this text express some of the contradictions regarding television and domestici

About greeting potential customers

Dot is a new automobile salesperson, who reports to Greg. Imagine that Dot is unsure about greeting potential customers who walk into the automobile showroom and Greg is inter

Virus protection

"Virus Protection" Please respond to the following: Virus scholars have predicted we will continue to have problems with polymorphism, mutations, and as-yet unknown features o

Identify an innovation and design a plan for implementing

Identify an innovation and design a plan for implementing it in an organization in which you are involved, such as your workplace, school, church, or community group. The inno


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd