What are the institutional foundations in Western countries such as the United States that have fostered...

What are the institutional foundations in Western countries such as the United States that have fostered and cultivated significantly higher economic growth over the last 200 years in comparison to many other places around the globe? What role do property rights and rule of law play in creating an economic environment generating human betterment?
There are a large number of critics of the market economy and its growth-sponsoring institutions. Discuss some of the reasons for these “anti-capitalist” views and explain what you consider to be any strengths and weaknesses in them.
Many countries with low or even stagnant economic growth often have high degrees of corruption and suffer from dictatorships or higher controlling governments. Based on the readings, analyze why this is often the case. Why do you think this persists in too many parts of the world?

Expert Solution

Rahul Sunny answered 9 months ago

Many countries (including the United States and European countries) are forecast to have a severe drop...

Many countries (including the United States and European countries) are forecast to have a severe drop in production this year. a. In this context, do you think that in the coming months there will be an increase or decrease in adverse selection problems in commercial loans? Explain what are adverse selection problems and justify your answer. b. How can an economic crisis affect a bank balance sheet? Will your bank capital increase or decrease? Explain your answers. c. Could a...

What are the differences in the legal and institutional foundations of the Anglo-Saxon, European and Asian...

What are the differences in the legal and institutional foundations of the Anglo-Saxon, European and Asian models of capitalism?

what third world countries are geographically closest to the united states

Is the United States experiencing a "narcissism epidemic?" What features of Western society during the past...

Is the United States experiencing a "narcissism epidemic?" What features of Western society during the past few decades may be contributing to a rise in narcissistic behavior? Is narcissism a purely negative trait? Should narcissism be considered a personality disorder?

1. Compare the institutional structure of Brazil, United States of America and India to determine if...

1. Compare the institutional structure of Brazil, United States of America and India to determine if they promote globalization, i.e., (a) are their political institutions transparent and (b) do they have a functioning judiciary system? 2.Do you believe that the three countries (Brazil, United States of American and India) under consideration practice policies that promote globalization? For example, what are those countries' policies toward (a) governance, (b) competitive markets, (c) property rights, and (d) corruption? 3.Determine whether your affiliate marketing...

a. “Industrialised countries such as the United States of America, Germany, France and the United Kingdom...

a. “Industrialised countries such as the United States of America, Germany, France and the United Kingdom dominate world trade.” Can you relate this statement with one of the recent theories/models of international trade which predicts that more trade will take place between similar countries? What assumptions of the factor proportions model does this theory violate? Explain your answers.

Even though some countries, such as the United States, have large amounts of resources, economists still...

Even though some countries, such as the United States, have large amounts of resources, economists still regards resources as "scarce." The reasoning behind this concept of scarcity is that, no matter how many resources a country has, it is always the case that Question 11 options: its resources are limited, whereas its wants and needs are relatively unlimited. government is too big, and business is too small. its resources are limited, but its wants and needs are even more limited....

Many service-sector jobs in the United States have moved to other countries where these jobs are...

Many service-sector jobs in the United States have moved to other countries where these jobs are done at a fraction of the cost. The outsourcing of jobs overseas is heavily debated by politicians, policymakers, and economists in the United States. Based on your understanding of trade and the benefits and losses from trade, how do you think outsourcing affects social surplus in the domestic economy?

how many banks does the United States have compared to other countries? That is, many more...

how many banks does the United States have compared to other countries? That is, many more or far fewer? Briefly, what factors explain the great disparity?

What is the “Prime Rate-1 Month Prior” for the following Countries: Canada- 2.45 United States-3.25 United...

What is the “Prime Rate-1 Month Prior” for the following Countries: Canada- 2.45 United States-3.25 United Kingdom-0.66 European Central Back Japan What methodology was used to collect and analyze the data? Did the source collect the data? When was the data collected? Why was the data originally collected? How dependable is the data's source?

Question