We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Macro and Micro Economics - Essay Example

Comments (0)
Topic: Assessing the Institutionalist Critique of ‘One-Size-Fits-All’ Policies Institution Affiliation: Date: Introduction The role of institutions in economic growth and development is evaluated and assessed based on diverse factors and concepts…
Download full paper
Macro and Micro Economics
Read TextPreview

Extract of sample
Macro and Micro Economics

Download file to see previous pages... These three components account for the significant differences observed in the various economies in the world. Economic performance in the context of institutional effects on an economy consider expropriation of risks by governments, applicable laws, quality of bureaucratic procedures in the economy unethical practices like corruption, contracts repudiation by governments, trade operations and liberties that are civil in nature. In the view of these factors, the applicability of ‘One-Size-Fits-All’ policies in developing countries can be evaluated in the global context. The underlying interest is to determine the universality and global application of a ‘One-Size-Fits-All’ policy under the context of institutionalisms. The Assessment Liberalization policies in many developing economies are yet to receive full integration into the prevailing economic systems. Regulatory frameworks that are institutionally installed have been the primary pillars of market monitoring in these economies. Levels of development vary across developing economies, and so are the levels of development in developed economies (Roland, 2004, p.109-131). The role of deregulation practices in these economies is expected to take time before it is realized, even with the notion that ‘One-Size-Fits-All’ policies of liberalization are good for domestic and international business. Africa, Asia and Latin America economies for example shows that the characteristics of, and reasons for, liberalisation are to a large extent country and sector-specific (Greif, 2006, p.164). The general take that one is good for all fails to account for the individual characteristic of each economy, and therefore the intended economic impact of such a policy may not be realized. While liberalization of market and economies in the developed nations has been procedural over time, the developing nations’ case is characterized by hasty liberalization activities, backed up by policies that generalize the developing world’s scenario. Many and more important aspects of market and economy liberalization are overlooked in the process, resulting in inappropriate capacities of regulation and public apparatus that fail to account for specific economic conditions as need be. As a result, most institutions in these economies are strained to comply, even when they face significant challenges such as: information-sharing and enforcement problems, capture risk, difficulties in introducing competition and the manifold formation of universal service obligations which arguably acquire particular connotations in developing countries (Eicher and Schreiber, 2005, p.73). ‘One-Size-Fits-All’ policies are designed to apply and function universally, whether formulated ad implemented for developed or developing economies. The institutional critique of these policies in developed countries cites their uniformity in application and functionality. However, in developing countries, these policies are in a way adopted in a wholesale manner due to the fact that the institutions that advocate for them are economically influential to developing economies. In most cases therefore, the intended impact of the policies in the various economies that adopt them fail to be realized. Liberalization ‘One-Size-Fits-All’ policies for example are aimed at expanding deregulation of economies through the removal of market restrictions in terms of entry and exit, price reduction, ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Macro and micro economics
The comparison is carried out between these two factors. In the ratio of Ann’s to peter’s case, Ann has a lower utility function than peter because peter is on medication. The amounts that peter will spend on medication makes him more vulnerable in spending.
6 Pages(1500 words)Essay
The Difference between Macro and Micro Economics & Price Elasticity of Demand
Macroeconomics deals with whole economy and is concerned with issues such as changes in unemployment, national income, rate of growth, gross domestic product, inflation, and price levels. Microeconomics, on the other hand, deals with individual components of the economy and their interactions with each other.
3 Pages(750 words)Essay
Macro and Micro Economics Essay
It also analyzes the price and output changes that will arise as a result of transition from monopolistic competition to a monopoly. This paper also proposes the best market structure to be taken by Wonks in the potato chip industry so as to benefit all the stakeholders.
5 Pages(1250 words)Essay
Macro and Micro Economics
This is with regard to the Company’s dedication in 2007 to return to the environment and societies a comparable amount of water to what is utilized in all its production by 2020. Connection This report delineates Coca-Cola’s progress towards its targets.
4 Pages(1000 words)Essay
Macro &Micro Economics
One of the significant areas of economics especially is macroeconomics which is a branch of economics that deals with the problems of a particular country or economic region comprised of several economic agents acting with their individual economic behaviors and the evaluation of the policies taken by the government of these countries in order to tackle those problems (Adams, 2002, p.
8 Pages(2000 words)Essay
Macro and Micro Economics
Compare and contrast alternative views on the nature and possible causes of unemployment and evaluate the effectiveness of demand and supply management policies to combat it Unemployment can be defined as the activity of people being out of employment without their own wish.
5 Pages(1250 words)Essay
Macro & Micro economics (Economics)
vaccinations against infectious diseases). Briefly suggest how government might intervene to correct this under-provision? 5 (C) The Consumer Price Index (CPI) is the official measure of inflation in the United Kingdom. Why might CPI not be an accurate measure of the costs of living for any given individual consumer?
5 Pages(1250 words)Essay
Macro and Micro economics research
Macro environment Macro environment factors are also external to the firm and cannot be controlled. These factors hardly have any effect the marketing capability but affect the decisions of marketing within the company. Macro environmental factors may include the following:
4 Pages(1000 words)Essay
Macro and Micro Economics. What is the subject matter of economics
Macro and Micro Economics. The subject matter of Economics is on explaining the world. That is, ways people behave, way in which most markets work and the way governments work in relation to the administration of scarce resources. The subject matter of Economics can also be said to be around production and distribution of output.
3 Pages(750 words)Essay
Some thoughts of the article
However, inflation and unemployment issue tend to be a more critical due to their adverse impact in an economy. Inflation entails a persistent rise in services and commodity while unemployment is an economic
1 Pages(250 words)Essay
Let us find you another Essay on topic Macro and Micro Economics for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us