Political and Economic Developments in the Catch-Up Nations
Consider Political and Economic Differences Paper: In this paper, provide a descriptive title or heading for your paper by focusing on topics or countries that interest you (such as “Political and Economical Developments in the Asian or European Systems”), and then discuss the following concepts: 1) Explain in detail why and how the political systems of countries differ; 2) discuss how the legal systems of countries differ; 3) explain what determines the level of economic development of a nation; 4) discuss with examples the macro-political and economic changes taking place worldwide; and 5) analyze how transition economies are moving towards market based systems. You can use specific continents, countries, or country as your focus.
Political and Economic Developments in the Catch-Up Nations
Introduction Economic development of nations. When policymakers and community members work
together to promote the economic health of a country, efforts toward economic development of
that region or nation are said to have occurred. The umbrella of economic development covers a
wide range of concerns and initiatives, such as critical infrastructure, human capital, human
services considerations (health, safety, and literacy), competitiveness, environmental sustainability.
Economic growth, on the other hand, refers to the outcomes of market productivity—such as a
rising Gross Domestic Product (GDP), per capita income, and foreign trade—as well as attainment
of standards of living equivalent to that of industrialized nations. Economic growth can be
considered a component of economic development, the larger of which includes the policies and
process through with a country works to improve the wellbeing of its citizens, whether through
economic, political, or social means. (Anand & Sen, 2000) The origins of the concept of
economic development are associated with the rise of capitalism. (O'Sullivan & Sheffrin, 2003)
Political and Economic Developments in the Catch-Up Nations
Introduction Economic development of nations. When policymakers and community members work
together to promote the economic health of a country, efforts toward economic development of
that region or nation are said to have occurred. The umbrella of economic development covers a
wide range of concerns and initiatives, such as critical infrastructure, human capital, human
services considerations (health, safety, and literacy), competitiveness, environmental sustainability.
Economic growth, on the other hand, refers to the outcomes of market productivity—such as a
rising Gross Domestic Product (GDP), per capita income, and foreign trade—as well as attainment
of standards of living equivalent to that of industrialized nations. Economic growth can be
considered a component of economic development, the larger of which includes the policies and
process through with a country works to improve the wellbeing of its citizens, whether through
economic, political, or social means. (Anand & Sen, 2000) The origins of the concept of
economic development are associated with the rise of capitalism. (O'Sullivan & Sheffrin, 2003)
Bibliography: Anand, S. and Sen, A., (2000). Human Development and Economic Sustainability. World Development, 28(12), 2029-2049. Die Bundesregierung. Retrieved ttp://www.bundesregierung.de/Webs/Breg/EN/Federal-Government/federal-government.html Hill, C. (2011). International Business: Competing in the Global Marketplace (8th ed.) New York, NY: McGraw Hill. Chapter 2 O 'Sullivan, A. and Sheffrin, S. M. (2003). Economics: Principles in action. Pearson Prentice Hall, Upper Saddle River, New Jersey. O’Sullivan, J. Special report: The world economy. A game of catch up. (2011, September 24). The Economist. Retrieved http://www.economist.com/node/21528979 Schumpeter, J. and Backhaus, U. (2003). The theory of economic development. [In Joseph Alois Schumpeter, pp. 61-116. Retrieved http://www.springerlink.com/ content/j2gqn1q108522621/ UK Parliament. Retrieved http://www.parliament.uk/