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Hospital improves patient with data warehouse - Case Study Example

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All these theories basically attempt to look at the world through different viewing angles as Realism mainly looks at the factors…
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Hospital improves patient case with data warehouse
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Download file to see previous pages What this paper aims to achieve is develop an understanding of various economic theories in order to be able to explain the readers about various advancements being made in the world economy. Let’s start off by taking one side of the coin and discussing it in detail before moving on to the other one (Dean).
The theory of Realism concentrates on shedding light on the way various roles played by various States around the globe in determining the trend of the international political economy. Moreover, it also focuses on the relation between the level of power possessed by a State and/or a group and how it affects the international economic trend. The supporters of Realism are often referred to as mercantilists or economic nationalists. What’s rather interesting about this school of thought is the fact that they believe that States across the globe find their motivation as the level of power they possess gets maximized. They further believe that power maximization is achieved through the help of international trade, and in this regard international trade policies are one of the many tools that can be put to use by States. Economic analysts who are supporters of Realism are of the view that the global economy works on terms which are majorly based on the interests and motives of powerful States existing world over (Jonathan and Wight).
The second theory that we are focusing upon here is the Marxist theory. This theory was invented by Karl Marx along with his friend and fellow co-author, Fredrick Angles. As mentioned earlier this theory mainly focuses upon differences in various social classes and motives of different workers. Karl Marx, or rather the Marxism theory seems to argue upon the fact that the existing conflict between the workers and owners of capital could only be amicably resolved provided the working class seize their power. Marxism theory ...Download file to see next pagesRead More
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