The Myth of the Authoritarian Model - Essay Example

It is also critical to note that the writer has completely failed to determine as to how democracy can be linked to economic growth, though he attempts to link both with each other. Though the empirical studies may have suggested that democracy brings in economic growth. However, examples of some countries from the MENA region indicate that democracy is relatively not required for achieving economic growth as it can be achieved through a multitude of different factors that are not particularly attached to the democracy as such and can be exploited under any system of governance.

QuestionsDoes any form of governance is correlated with economic growth? Globalization, Offshoring, and Economic Convergence: A SynthesisThis article discusses two different sets of opinions regarding the impact of globalization, offshoring on the employment level in the US. The paper outlines that on political grounds; this may be a problem as an increasing number of politicians is of the view that such actions by the organizations lead to significant unemployment within the US as the jobs are relocated outside the country in a bid to save costs.

The economics point of view indicates that the labor markets have the ability to adjust themselves and respond to such changes by creating new jobs in place of those which are being replaced.What is, however, important to note that the author has completely failed to point out as to how such a process is leading to the overall welfare of the American people. Though through such mechanisms, the wage rates may be an issue. However, the welfare which is transferred to the Individuals in the shape of low-cost products and services is not accounted for by the writer as that implicit cost also leads to the greater Welfare of the individuals which can compensate any instability into wage rates caused due to globalization and offshoring.

What is also critical to note that the author has successfully demonstrated as to how the new trade theory can be jelled together with the economic policy of the country to influence such outcomes? However, what is left behind is the fact that in the process of globalization and offshoring, developed countries always seem to win because of obvious reasons.