Using named examples, assess the advantages and disadvantages of top down and bottom up development strategies (15 marks) Development is the ways in which a country seeks to develop economically and to improve the standards of living for its inhabitants. Numerous development strategies both top down and bottom up can be used by countries to help them progress. However, while these may be advantageous in certain areas, not all strategies are as effective everywhere and thus problems can arise with top down and bottom up development schemes. Top down strategies are generally capital-intensive and often conducted by the government. The main criticism of these schemes is the fact that the money which is supposedly meant to aid the poorest people in the country who are most in need is actually diverted to those who are richer instead.
Satoria Mckenzy Principals of Economics (Ref # 380267) Spring 2013 The Full Economic Impact of an Increase in the Minimum Wage Where minimum began - The history of minimum wage, what is minimum wage, the laws of minimum wage. The minimum wage has a strong social appeal, rooted in concern about the ability of markets to provide income equity for the least able members of the work force. For some people, the obvious solution to this concern is to redefine the wage structure politically to achieve a socially preferable distribution of income. Thus, minimum wage laws have usually been judged against the criterion of reducing poverty. Statutory minimum wages were also proposed as a way to control the proliferation of manufacturing industries.
The necessity of public goods is vital for a developing country to survive, maintain, and become what we consider today, a developed country. The government must also provide economic support for their population. Governments in developing countries must strive with enormous amount of force to keep the economy from going down, as well as keeping it the same, meaning, a developing countries government must enable and fulfill a growing and inclining economy. When the government of a developing country fails to provide security, basic human rights, development, and poverty prevention plans, the government can then be considered as unsuccessful and weak. A weak government can be caused by many of reasons.
While this may sound bad it was actually great. It meant that insurance rates would increase. Once you affect the amount of money big business will earn they start to pay attention. The world is filled with intelligent people. The word is out that the environment matters and needs to be cared for, and at the bottom level people are worried about it.
Farmers relied on the attractiveness of the deal to attract a number of labors because this was a chance that they might never otherwise had been able to achieve. The indentured servants would work off their debt in a given number of years, during that time they would be given room and board. After the debt was paid in full they would receive no less than 25 acres, seeds to plant, livestock, new clothing and arms. As the years passed supply and demand for labor increased and farmers were looking for a multitude of cheap labor. The new generation of servants found themselves in a position of bargaining power and they could ask more in return of their payment of debt.
Personally I agree with what Anne O. Krueger is exclaiming and that economic globalization should be implemented. Economic globalization will in the end better the economy as a whole. Some small businesses may suffer, but as an entity the country will benefit. By reducing all tariffs the world of trade will broaden and expand to the lengths of the world. This will allow different parts of the world to enjoy merchandise that is specific to one country.
The other subsistence modes of living in rolling hills indicates foraging, farming land indicates a horticulturist mode, raising animals indicates a pastoralist mode, and emerging agriculturalists indicates that they are fully dependent upon themselves to create a surplus to sell to other populations to generate more trade opportunities. They may even be considered industrialists by the volume of products created by trade. Over the past few centuries, exactly which of these subsistence modes may have been difficult to identify because of conflicting definitions and understandings as the community grew and evolved. Finally, as an obvious retaliation to external cultural input, the Amish wear handmade clothing similar to
The most profound argument in favor of raising the minimum wage circles around the economic stimulus. Raising the minimum wage would not only help thousands of workers out of government assistance programs, but would also boost spending in the local economy on services and goods. While the strongest argument against raising the minimum wage is the uncertainty of the current job market and how it will affect entry-level and new job positions not opening in the economy. When we start looking at how a change like this would help the vast majority of today’s workers, versus the uncertainty of what may or may not help the few, this poses for a weak argument. Assist with the greater good.
'International aid brings both benefits and problems for a country trying to develop its economy' with the aid of named examples evaluate this view. (30 marks) International aid can bring many problems to a country in need of development, this is usually through the ill-use, ill-deployment and abuse of International aid by both the donor countries and the recipient countries. However, effective aid brings more benefits to developing countries than problems is the aid is properly allocated to the area most in need and the aid is not ties so that it benefits the donor. International aid can bring problems to a developing country as it can be an obstacle to development and can provide other problems put forward by the political right. Aid can become an obstacle to development because of the tied nature of much aid, which benefits the donor country more than the recipient, in economic terms.
Living Wage Law Poverty has increased because the wealth has been only flowing one direction. Living-wage laws must be passed in order to make salaries fair for the working poor. Although passing these laws could be a solution, there is a lot of controversy surrounding this issue. According to Maude Hurd, living-wage laws benefit workers because they provide higher wages that enable them to supply their primary needs. Additionally, living-wage laws allow workers more time to spend with their families.