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Political science - Essay Example

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According to Michael Sandel, the market economy of the US drifted to a market society in the past three decades because of flawed public philosophy (Sandel 79). He states that the experience of American people of shared civil life relied on the amount of money they had. In his…
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Political science
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Political science

Download file to see previous pages... This is because public philosophy that originates from protection of freedom of individuals can be used to denounce or support the intervention of the government in the economy. Conversely, Jeffry Frieden argues that the downfall of the effectiveness of the US government in managing its domestic economies was caused by the international economy growth and evolution. The growth and evolution of the international economy impacts directly or indirectly on the ability of functionality of a nation’s government to manage the domestic economy, hence resulting to the downfall of the local economy of the country.
Rapid growth and evolution of the international economy in the 1970s reduced the US’s governmental effectiveness in managing its domestic economy because it affected the domestic political cleavage of the nation. This implies that the relationship between political performance and growth and evolution of the international economy is crucial. In evaluating the relationship between the two aspects, focus is directed towards a future of democracy that is achieved through civic virtue and self-governance. Democracy indirectly affects the development of a high and more stable domestic economy.
Because of the increased growth and evolution of the international economy during the 1970s, the scope of marketing of the US broadened. Consequently, the effectiveness of the government to manage its domestic economy reduced. This is because America decided to sell commodities across borders. This was because of the many dimensions that the nation had to justify. The government has a significant role of protecting and contributing to the growth and development of the domestic economy of its nation. This is achieved by implementing various laws and regulations for the purpose of protecting local markets and domestic economic growth. However, due ...Download file to see next pagesRead More
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