How does economic system influence the development process, Business Economics

How does economic system influence the development process?

The development experience of free market or capitalist and command as socialist/communist countries is extremely different. The evidence considered clearly that:

• Command economies have been not capable to deliver sustained economic democracy and development.

• Just Cuba and North Korea manage a command economy and North-Korea standard of living (SoL) is far lower than its free market neighbour, South-Korea

• The former soviet block of countries are currently transitional economies moving by a command to free market system.

Posted Date: 8/30/2013 7:19:40 AM | Location : United States







Related Discussions:- How does economic system influence the development process, Assignment Help, Ask Question on How does economic system influence the development process, Get Answer, Expert's Help, How does economic system influence the development process Discussions

Write discussion on How does economic system influence the development process
Your posts are moderated
Related Questions
What is Employment and Unemployment? Employment and Unemployment: Employment: It is the number of people working within the economy. Unemployment: It is the nu

What are the predictions of Lewis? For Lewis, Harrod Domar is right to emphasise the task of savings and investment although structural change and a new industrial sector are

Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag

1.Classify each of the following as related to the transactions demand, precautionary demand, or asset (speculative) demand for money. Explain: (a) Rodrigo keeps $200 in cash in

QUESTION Explain the meaning of classical dichotomy, neutrality of money and Walras law. b. "In a Walrasian general equilibrium model with money as a unit of account, only r

how the concept of elasticity used for policy formulation

When a project is under way, how can value management be utilized to estimate proposed changes? While potential changes to a project have been acknowledged, value management ca

QUESTION 1 i) Use a simple human capital model to explain the rationale for undertaking higher education ii) Why do some people vary significantly in the amounts of human ca

Explain for each of the sub-variables the positive or negative implications the environmental factor could have on the cereal category in economis aspects

What are the critics of advocates of World Bank in promotion of development? Critics of the World Bank argue: • A one-size-fits all strategy which does not take account