Search results for: “social market economy”
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Cultural Political Economy
Cultural Political Economy W.H. Sewell argued, in “The Concept(s) of Culture” (in V. Bonnell, and L. Hunt (eds.) Beyond the Cultural Turn: New Directions in the Study of Society and Culture), “the system has no existence apart from the succession of practices that instantiate, reproduce, or – most interestingly – transform it. Hence system implies…
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Market Failure
Market Imperfections or Market Failure and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Imperfections or Market Failure: Often refers to two sources of departure from perfect competition, i.e., […]
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International Political Economy
Introduction to International Political EconomyInternational Political Economy, field of study that deals with the interaction of politics and economics among the world's nations. The most important of these interactions concerns foreign trade. Students of international political econom…
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International Political Economy Theories
Introduction to International Political Economy The Study of International Political Economy MarxismThe ideas of 19th-century German philosopher Karl Marx offer a third political approach toward understanding economic behavior and policies. Marxism focuses on the inequality of relationship…
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International Political Economy Issues
Introduction to International Political Economy Future DirectionsSince the end of the Cold War, liberalism has generally prevailed over mercantilism and Marxism in academic and policy debates regarding the international political economy. The global expansion in international trade, busines…
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International Political Economy Trends
Trends in International Political EconomyIntroduction to International Political Economy TrendsSince the end of World War II, the pace of international economic transactions has risen steadily. At the same time, different regions of the world have experienced dramatically uneven pa…
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Socialist Legal Systems
Socialist Legal Systems Socialist law is the legal system used in most Communist states. It is based on the civil law system and Marxist-Leninist ideology. During the cold war period, it was incorporated into the legal systems of the Soviet Union and its former satellite states in Central and Eastern Europe. These systems were built…
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Free Market
The economic system of a nation in which market forces determine which goods and services are produced, and at what price they are offered. Free market economies do not contain substantial government controls on resource availability, price levels, or central planning of economic objectives….
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International Trade
International Political Economy Trends: International Trade Introduction to International Trade In the 21st century, international trade has grown to 20 percent of the world's total production of goods and services-around $6.5 trillion per year. This volume of trade is almost seven times […]
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International Trade
International Political Economy Trends: International Trade Introduction to International Trade In the 21st century, international trade has grown to 20 percent of the world's total production of goods and services-around $6.5 trillion per year. This volume of trade is almost seven times […]
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European Investment Bank
Summary of European Investment Bank A multilateral development bank established in 1958 by the Treaty of Rome for the purpose of assisting in the balanced growth of the European economic community (read this and related legal terms for further details) (EEC). The bank grants long-term loans […]