This website uses cookies to ensure you have the best experience. Learn more

The Economy And The Modern State

555 words - 3 pages

What do people expect modern states to do about the economy and how do states attempt to accomplish these results?People living under the sovereign power of an independent state expect theirgovernment to keep and maintain a stable, expanding economy. If the government does not keep and maintain a stable economy it is likely that there will be a complete collapse of, not only government, but the established society. This breakdown can, to an extent, lead to revolution or civil war. If the prosperity of the economy is confined only to thedistinguished, refined elite; then the social system will eventually turn into a totalitarian system where the benefits of this open market become unavailable to the lesser classes of society. Once this ...view middle of the document...

This is not to say that government intervention is necessarily a bad thing, it is just that governments tend to favour certain interests that benefit them and not the people thus, damaging the economy or stagnating the growth of the economy. Usually the citizens of this independent state will hold the government accountable for the failure or success of their economy and its growth. If it does not fair well then the people's beliefs in government may fall for its bad policy or decision making, decimating its ownlegitimacy. Governments, on the other hand, tend to try to control same key aspects of the economy namely, "inflation and unemployment." To control inflation, which is simplyprice control, the central bank of the state will raise or lower interest rates from loans to bonds and treasury bills. However, this is just a short term solution to the problems.Shively explains that if everyone that wanted to work could work there would be more of everything a basic society needs and wants (98). He then further explains that as a society, we do not care how much wealth is generated but how evenly it is dispersed among the people of the state (102). When uneven distribution of wealth occurs, itshadows the fundamental principles of a liberal; democratic open market thus leaving a door open to more repressive regimes that claim better ideals that appeal the citizens.Hence, the economy is a major aspect of government and policy making in any state. Failure to satisfy the general population can have devastating effects since the people"expect" the government to make the quality of life better for them by improving the economy and raising the standard of living.Works CitedShively, Phillips W. Political Science: Comparative government. Mcgraw Hill Company, 2003.

Other Papers Like The Economy And The Modern State

Marijuana and the Economy Essay

2178 words - 9 pages understand the effects it could have on our economy in a positive way. The debate that many people bring to the table is one more related to the criminal aspect and health related concerns. While I am not trying to diminish their opinions, I am saying that there is a much more important aspect related to the legalization of marijuana, one related to economic growth, less money spent on police enforcement, and increased tax revenue. Economic

Lincoln and the Economy Essay

1132 words - 5 pages strategic Lincoln. It showed me the incredible preparation he had to go through in order to make this work. My final opinion on Lincoln was he did what he did at the exact moment he did them for multiple different reasons. This wasn’t a simple “it will free the slaves” decision, it had many different effects on the war, economy, and geopolitically. Our nation wouldn’t be the same without the planning of Lincoln’s emancipation proclamation. This

Mncs and the State

5829 words - 24 pages -being of society. This paper also provides an overview of the current trends in FDI flows and the relationship between FDI, multinational corporations, and society. INTRODUCTION Foreign Direct Investment (FDI) is the single most important instrument for the globalization of the international economy. Defined, FDI is the investment of real assets in a foreign country; it is acquiring assets such as land and equipment in another, host country

Product Purchases And The Economy

1228 words - 5 pages Product Purchases and the Economy Christian Scheminant ECO/372 May 10, 2016 Mr. Michael Kraynik Product Purchases and the Economy For this paper I’m going to select buying a home as my product of purchase since I’m currently in the market of selling my existing home and purchasing a new home. When considering making large financial purchases in today’s economic world, you have to take into consideration the possible long-term effects on

The Modern Society and Battering

1576 words - 7 pages Dictionary: “Dignity is defined as “the state being worthy of honor and respect.” Some ways for women to reclaim their dignity from being in an abusive relationship includes: seeking religious help, seeking help from family and friends, and seeking help for legal attorney. When woman are seeking legal help which according to, It’s My Life Now… “perceiving the offers of assistance discussed here as ‘handouts’ or as ‘charity’ and

Do The Achievements Of The Soviet State, 1945-65, Demonstrate The Effectiveness Of A Centrally Planned Economy?

1002 words - 5 pages The progress made by the USSR in the twenty years between 1945 and 1965 has been seen by some as proof that a state based on a centrally planned economy can be effective. However there is another side to the argument, which claims that the Soviet Union during this period shows the superiority of the market based economy favoured by western European countries and the USA. To answer the above question it is necessary to first define a centrally

The Economy, Monetary Policy, and Monopolies

1496 words - 6 pages The Economy, Monetary Policy, and Monopolies A Robinson Dr Ralph Cann-Tamakloe Principles of Economics 100 May 26, 2012 Analyze the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates, inflation, and unemployment in your analysis. The United States is the most technologically advance country in the world, not to mention the largest

State Of The Friendship: Pakistan And India

876 words - 4 pages of a civilian government, and any agreement with the latter without the consent of the former, is null and void. Secondly, the conflict with India serves as a raison d’être for the Pakistani military to justify its size and sizeable monetary activities. Thirdly, protracted Indo-Pak conflict has given rise to a massive conflict economy, and the vested interests, including the extremist groups, have a billion dollar incentive to perpetuate this

With And Without The State In

1931 words - 8 pages world does not provide resolutions their desolate existence and to help alleviate the conditions of daily life.The distance between the state, the outer world and the people, the inner world, creates an ignorance that the state refuses to attend. It is widely known the two factors for the makeup of a civilization lies in the people and the state or the state and its people. Without one or the other to depend on, reliance hinders stability. The

Constitution and System of the State Paper

863 words - 4 pages Constitution and System of the State Paper POL215 September 19, 2011 Benjamin Bolger Constitution and System of the State Arkansas state constitution is divided into nineteen articles. Article one deal with the boundaries of the state. The boundaries of are Arkansas begins at the main channel of the Mississippi River, west with the southern boundary line to Missouri and west to the north bank of the Red River. Article two is declaration

Workplace Safety and the Modern Workforce

559 words - 3 pages Workplace Safety and the Modern Workforce There is a growing concern in Canada that workplace safety does not meet the needs of all workers. Workplaces and working hours have changed over the years but the rules for who qualifies for compensation has not. Therefore, many people who get hurt or injured on the job are not adequately compensated. A CBC documentary called Out of Syncthat aired on Jan 17, 2007 concluded that workplace inspections in

Related Essays

Economy In The Modern Age Essay

2060 words - 9 pages natural resources. On the other hand, traditional socialism is a command-based economy in which markets and the free exchange of goods and services, as well as manufacturing, production, trade and distribution are replaced or done by government central planning and state owned enterprises. In this economy all private owners of capital (called capitalist) and of land (called landowners) are not allowed or banned; and the only permitted private

The Relevance Of The Modern Welfare State

1125 words - 5 pages dollars towards the care of the most downtrodden of society. The modern welfare state was implemented during the economic and political downfall of the early 20th Century. The welfare state was used to insure a minimum living status for citizens. Heath Care, minimal education costs, old age security and employment insurance were all inventions of this great time of social economic change. Yet, political scientists now believe that the current

Modern Russia Is In Search Of A Secular Model Of Relationships Between Religions And The State

962 words - 4 pages Article 14, Section 1 establishes the basic principles of the modern Russian statehood, especially concerning religious associations. Article 14, Section 1 provides that “the Russian Federation shall be a secular state. No religion may be instituted as state-sponsored or mandatory religion”. Article 14, Section 2 provides that “religious associations shall be separated from the state, and shall be equal before the law”. These two provisions are

Markets And The Economy Essay

1576 words - 7 pages Markets and Economy rinciples of Economics – ECO100 March 6, 2011 Markets and the Economy Budget Deficits Each problem should have four clearly defined sections. The first section should contain essentially a statement of the problem. For example, “The economic way of thinking can shed some light on possible solutions to alcohol abuse. This paper will propose two policy options designed to reduce abuse