Discussion The main argument supporting authoritarianism help economic development is the state can enjoy autonomy in drawing development policy which face less resistance force from the public and more public interests oriented. When countries are developing its economy, huge investment is needed to start-up the economy and state will cut off the current consumption. The party insist for a “better future” will never win in the election. As a result, the country will never have enough resources accumulate for future economic development (Rao, 1984, p.75 as cited in Prezworski A. and Limongi L., 1993, p.54). In this sense, authoritarianism has its own advantage as it can draw and execute policy beneficial to economic development without facing the objection from citizens.
Firstly, globalization only serves the interests of developed countries like the US, European countries, China, Singapore more than developing countries such as Vietnam, Thailand, Africa (Is globalisation, n.d.). According to Lianna Amirkhayan (n.d.), the uneven distribution makes a big difference in income between developed and developing countries. The rich countries still maintain their wealth which even double rich, compared to developing countries. Secondly, globalization creates a moving wave among people in developing countries. They move to other countries to find a better chance to work.
Rather than being in the interest of all individuals, in reality a free trade system would favour the most advanced manufacturing states. Economic nationalists regard trade protection as a tool of state creation and statecraft. Many representatives of less developed countries believe that trade with industrialized countries is a form of imperialism; they fear that free trade benefits only the developed economy and leads to dependence of the less developed countries on the developed ones. Protectionism refers to government actions and policies that restrict or restrain international trade, often done with the intent of protecting local businesses and jobs from foreign competition. Typical methods of protectionism are import tariffs, quotas, subsidies or tax cuts to local businesses and direct state intervention.
The issue of climbing premium would no longer be an issue under Single Payer policy, as it effectively circumvents the issues with risk in the health insurance market. Single Payer health care is also much cheaper overall than the currently implemented or any previously implemented system in the United States.The inefficiencies and deprivation of human due to for-profit health care systems must come to an end, and a single payer system must be signed into law because many people have had and will have their lives abused and ruined by the current
Companies that develop new drugs suggest that patent protection is critical because drugs are simple to reverse engineer, such that another company could easily and unfairly appropriate profits without the protection of patents. Drug companies also point to the fact that the regulatory approval process required before a drug can be sold can diminish the effective patent term as usually patent term is hort. They argue that since a drug cannot be sold without regulatory approval regardless of its patent situation, companies are justified in charging higher costs during the shortened patent term. In addition, they note that because generics can quickly and effectively compete once the patent term expires, the patent exclusivity is critical to recoup some of the cost of drug discovery and to provide enough financial support to enable new
Yet perhaps the greatest risk is the opportunity to increase profitability by providing substandard products into the developing nations of Latin America and the Caribbean Basin. As those nations increasingly move to government health care there will be an increase in both access to and use of medical devices and in some cases this can lead to overuse and misuse. Since the cost to the consumers is often zero in such cases it is easy for consumers to take advantage of the system, and for medical providers to profit from such over access. However, the increase in cost to welfare state can be burdening to the society as a whole (Nyman,
The main explanation is that, economic equality through material redistribution is difficult to formulate due to the extent of economic inequalities that go beyond issues of ownership of land. Modern economic inequalities are characterised by: the globalised economy where capital is mobile and human capital which is non-distributive. Thus, the nature of economic inequality makes it unlikely for political democracies to tackle them. Hence, it has been argued that political democracies that reign for lengthy periods, rather than the level of political democracy as measured at one point in time, are more likely to tackle socio-economic disparities, (Sirowy and Inkeles, 1990:144). However, the level of success of political democracies curbing socio-economic inequalities varies from state to state, and how they are affected by neo-liberal policies.
In order that the developing countries were gaining progressively influence while the developed countries were losing their power. Another issue was that the emerging economies would benefit generously from the open world markets although they are unwilling to open their own markets and to contribute new liberalization in manufactures and
From the argument presented, it is clear that legalizing marijuana is still debatable as it has both its positives and negatives. From the argument, it is clear that legalizing the product has more benefits compared to the consequences that it brings to the society. Economically, legalizing the product will add to the economy of the country while at the same time giving researchers an opportunity to know whether medicinal marijuana is better compared to the other conventional medicines that are available. While those who are against the use of the product understand that it is highly addictive, those for its legalizing argue that once taken in small doses, the drug always brings more benefits compared to when overdosed. It is from the points presented that I support the legalization of the product as it will make it easy to control the sale and use of the drug in different parts of the
For countries lucky enough to be on the coast, with a large workforce, governance doesn't matter too much because the export growth can take off. But for smaller landlocked countries, dependent on aid-flows or natural resource revenues, governance is decisive. One of the four traps, or combined of two or more, is responsible for the worsening economic status of the bottom billion. Collier says we must deal with these four poverty traps straightforwardly. Collier outlines the measures necessary to break the traps and encourage economic development.