Introduction This assignment critically analyses and compares Uganda and New Zealand based on the theories of IPE. It also discusses the defining and underlying theories of IPE as applies to the selected countries. It includes the critical perspectives of IPE so as to highlight the implications for the selected countries. Finally it draws recommendations and concludes on what has been observed in the assignment, this will all be done with information accessed from the internet and books that focus on the study of politics especially the field of IPE. This first part of the assignment looks at Uganda as a developing country, it discusses theories that apply to the country and also the changes that the country may apply to ensure that it improves …show more content…
(Baylis.et al. 2011) Mercantilists feel that the state should protect its home products as much as possible. An important figure in mercantilism, Alexander Hamilton, found an ideal situation for mercantilist ideology in the newly founded United States. As colonies, the US was not allowed to develop any substantial industry, leaving the US as primarily a natural resource producer. Hamilton realized the importance of natural resource production, especially agriculture, in the US, but also felt that strong protectionist measures were necessary in order to help infant manufacturing industries in the US. Mercantilists feel that states and markets are "tag team," so to speak. The state helps the market to stay prosperous, and then, in turn, the market helps keep the state prosperous. States only interact with each other when they feel that they have something to gain, usually through means of war. In fact, war and trade protectionism are the few interactions between the home state and foreign …show more content…
NEW ZEALAND New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses (commonly called the North Island and the South Island), and numerous smaller islands, most notably Stewart Island/Rakiura and the Chatham Islands. The indigenous Māori named New Zealand Aotearoa, commonly translated as The Land of the Long White Cloud. New Zealand is a developed country that ranks highly in international comparisons on human development, quality of life, life expectancy, literacy, public education, peace, prosperity, economic freedom, ease of doing business, lack of corruption, press freedom, and the protection of civil liberties and political rights. Its cities also consistently rank among the world’s most liveable. (http://www.whitireia.ac.) New Zealand is a parliamentary constitutional monarchy that also recognizes Queen Elizabeth II as Head of State and in their national anthem, while John Key is the Prime Minister. New Zealand has one of the highest living standards and happiness rating. Generalized characteristics of developed countries: • Post-industrial economies • High level of industrial
During the 17th and 18th centuries, the British government was in control of the North American colonies. The prime reason for the British government to control the English colonies was so Britain could trade with the colonies. The English colonies had crops like sugar and tobacco that couldn’t be grown in England so the British relied on the colonies to ship these products to them. The colonies were able to use the British ships in trade for the colonies’ crops. With the policy of mercantilism developing in the 17th century, Britain said they could help the English colonies become a strong country by trading, even though the trading mostly helped the British.
Although it can be argued that Thomas Jefferson’s government policies were better than Alexander Hamilton’s, Hamilton, overall, had the better policy because of his persistence to progress, his federalist beliefs, and his understanding of the issues with Jefferson’s trust in the common man’s morals. Thomas Jefferson can be described as a leader who lived in the present*, whereas Alexander Hamilton had his vision set on the future of the country. He saw America’s strength lying in its commerce, and saw industry, trade, and manufacturing as forces of progression. In order to fuel the nation’s success in the global marketplace, a strong federal government would be needed. Hamilton supported a powerful central government because he recognized that
Hamilton thought that we should have an economy where it is business-based and was full of cities. He wanted to use the government’s powers to promote business, manufacturing, and trade. His goal was to build lots of cities so more immigrants would want to move to the U.S. Also, Hamilton wanted to establish a national bank as well as a national currency. That way they didn’t have to go through what France went through in the French Revolution just because someone liked spending money.
The impact of the differing views of Thomas Jefferson and Alexander Hamilton on development of the U.S government is that Jefferson was against the constitution because he felt that all people should have their own rights. Hamilton was an aide for Washington so Hamilton took part in the government. Jefferson supported state rights because he felt like everyone should be treated equally instead of individually. Hamilton also joined continental army Hamilton favored trade he favored trade because placing taxes on imported goods, the United States government would be able to generate income that could be used to pay our debts and run our country.
Businesses will create more job opportunities in the developing nation. Hamilton’s followers, the Federalists, were mostly against slavery. They favored the western expansion. Hamilton document clarifies the reasons for a better economy. He essentially pointed out the financial problems of the Articles of the Confederation.
Hamilton’s policy was conversely more protectionist. He wanted to impose greater duties and embargoes on foreign imports of goods that could also be produced in the United States. Hamilton strove for a largely domestic system of production through which the benefits of domestic manufacture would far outweigh the costs. By producing goods internally, which would otherwise have been imported, the U.S. economy would thrive because of increased domestic competition where the gains from productivity would benefit all domestic industry. The increase in domestic producers would result in the secondary effects of more jobs, providing more opportunities for merchants to export American goods
Alexander Hamilton was a Federalist. He believed that having a strong government creates a strong country. Hamilton was striving to make this country’s national government strong. His way of doing this was to develop a financial plan to re-establish the credit of the US by ending the nation's debts. He wanted other countries to see that this country was strong.
Hamilton believes in strong federal government and weak state governments. He also wants to favor rich people and insist on rich should rule the country and he has a loose interpretation of the constitution. Hamilton dreams towards country economy should
Hamilton’s overall objective was to centralize the government’s economic sector and connect it back to the country’s financiers and leaders of commerce and marketplace. The most important component of Hamilton’s financial plan was his debt program, because through showing the Americans’
The political groups we see today, mainly the conservative and democratic parties, stem from Democratic-republicans and Federalists who have shaped the nation from the start. The creation of the federal government, which brought upon the bill of rights, lead to the creation of these factional groups and merit debates which discuss the liberties of the common people. Jefferson and Hamilton, both posed differing opinions and ideas which supported one region more than the other in some cases. Jefferson, on one hand, focused on the farmer’s rights and opposed the government from becoming too powerful. On the other hand, Hamilton focused on the government with the elite to support the masses of the changing people with an economy based on manufacturing.
He also believed that the only people who could help them advance in the global marketplace was the national government, not the state governments. He was very doubtful of the state governments. Thomas Jefferson felt that Hamilton’s approach with the investors were not a good idea because Jefferson felt
Alexander Hamilton and Thomas Jefferson were two different people with two very different views and opinions. Jefferson thought everything Hamilton tried doing to put America on a path of greatness, was a step onto a road to ruin. One of the big, controversial issues they disagreed on was the economy; the dispute was over whether manufacturing or agriculture should be the main source to increase the nation’s revenue. Economy is very important to a nation’s success, so both men felt very strongly on this topic. The Federalist, who’s most influential leader was Alexander Hamilton, believed in expanding the economy’s income from just agriculture to manufacturing, trade, and business.
Adam Smith believed in individual economic decision-making because the people would be able to pursue their own interests without government input. In Adam Smith’s The Wealth Of Nations, Document C, he writes, “The [ruler] is completely discharged... no human wisdom or knowledge could ever be sufficient”. Adam Smith believed that without government interference every man can pursue his own interests in his own way.
Hamilton vs. Jefferson Visions to Reality Thomas Jefferson and Alexander Hamilton both had very defined visions of the scope and power of the new federal government, how they saw the future of the economic development, and what the United States society should become. In my opinion Alexander Hamilton had more of an impact on the United States during the 1820’s and on contemporary government when compared to Thomas Jefferson. His policies did not strictly work during that time and many of his ideas are still seen in today’s society. Jefferson’s views and ideas on/of the national bank, higher tariffs, debt assumption, The Federalist Party, and his support of the ratification of the Constitution are all reasons in why his policies and visions came closer to becoming a reality. Thomas Jefferson and Alexander Hamilton, molded the gatherings that provoked to the twofold party system under which the U.S. works today.
In this paper I will be discussing why I believe Alexander Hamilton to be an economic genius. Who is Alexander Hamilton?