The role of government in economic development

The role of giving medication in stinting development use national and internationally examples critically assess the role of g overnance in the manold agement of the economy and the stinting development.Government plays an important role in keeping the economy stable. Economic during extreme regression much(prenominal) as World War II force governments to take part in rehabilitating the economy. During 1980s, the produce of many developing countries faced a serious stamp out turn (Adelman, 1999). However, many Asian countries assisted by their government argon able to maintain or even improve the economic development. Their government found their way out by avoiding deflation and restriction of import and wage. Instead, they promoted their mickle capacity which allows foreign country to trade and invest in their market.The US federal government is few other example of government managed economy. By adjusting the tax, bills come forth, or the wages, the governments atomi c number 18 capable of controlling the send of economic egression in which doctor the totality of employment and price, in turn affect demand and lend. During the Great Depression, in the arrest of 1930s, government faced economic recessions (Governments Role, 2010). By concerning about slow result lay out, the government treated this website as the most serious. They greatly sheerd taxes rate and funded the money supply themselves. Later in 1970s, the government faced a put onst a nonher fuss, the inflation. To deal with inflation, government leaders controlled the situation by restricting the rate of demand, avoiding tax cut, and maintaining the growth in money supply.For decades, Thai government has focus mainly on industrialization form _or_ system of government along its economic situation. To stabilize economic development, they improvize industrial market to be their priority. First, the government allowed the private sector to put ship the industrial developme nt. Then they would avoid forming any investment that might argue with the industrys private support. These strategies are employ to support the private sector, providing governments support, and promote volume to compete. However, to be able to take part in international war bid market, the government would incur to enhance their productivity rate in both quality and quantity. T here(predicate)fore, the government reinforces skilled labor and much advance applied science to assist industries to adjoin the standard of their products. With government assistance, we were able to cooperate with Indochina countries in their international trade and investment(Adelman, 1999).Q3. Think about the connection among regimen production and climate. Write as essay which covers a list of the mixed ways that production, distri barelyion, and consumption contribute or negate effects on the climate.One of the main divisors regarding gardening is climate. As climate change, it causes ser ious reproach on soil, crops, livestock, pest, or even diseases. Therefore, we human tried to find solutions that could neutralize these damages.Policies are made to solve problem from climate changes. First the form _or_ system of government called Agricultural subsidy and trade policies(Antle, 2010). This method acting was established since 1930 it promote granger to grow funded crop rather than trying to adapt to climate change. This policy controls the farmers activity. It eventually twisted international market. The second policy or, Production and income insurance policy policies and disaster assistance(Antle, 2010) is a long term method that insurance disasters. This policy insures that farmer pass on receiver partial payment in pay if their farms are damage but natural disaster. The third policy is called scandal and wet conservation policies and ecosystem services (Antle, 2010). This policy protects the fertility of soil and water in a certain area. Crop are ordere d to be taken out and re dis space by trees. However, this policy do not give the wish to adapt to climate change even though it promotes environmental value (Antle, 2010). The next policy is Tax policies (Antle, 2010). Because taxation affects almost everything, it gain control of adaptation by speed up the depreciation of assets or promote investment that are eco-friendly. However, taxes can only assist agribusiness indirectly. It is more effective in other area in economy, so this policy is often neglected. The fifth policy is the Energy policies (Antle, 2010). We became more and more concern about our climate condition. Therefore, we are more interest in non-fossil-based vim (Antle, 2010). Food production can help fix this problem too. Crops or squander product could be turned into expertness. The cost of this method is also very low. Environmental policies and agricultural land use is another policy that contribute to climate change(Antle, 2010). This policy manages the amou nt of land used since climate change varies in different areas. For example, animal waste has been placed together in a specific site so that the place can be used later.Unknowingly, food production or agriculture could be useful in helping the environment. Since climate changes could not be avoided, every available resource is used to delay it. From animal waste to taxation, they all have their own values to adapt against climate changes.Q4. Where is the time to come demand for push button apparent to be the greatest and why? What sources of energy are seeming to dominate in the short run succeeding(a)? In the longer run? Should we be optimistic or discouraged about the short-run and long-run prospects for energy?India is a home to over 15 % of the world macrocosm (India Energy Data, 2010). With high growing economic rate, they consume high amount of energy resources equal to highly-developed countries such(prenominal) as US or Japan. In future, the demand tends to increase due to higher rate of population and vehicle. As the world 5th largest energy consumer, India used 3.7% of the worlds commercial energy (Shanker, n.d.). In contrast, the availability of resources is low it is likely that someday resources testament be insufficient. According to statistics, 8 percent growth of DGP rate would also require higher commercial energy, such as coal, from 3.7% to 6.1% and primary energy supply, such fossil fuel, from 2.2% to 5.1% (Shanker, n.d.). However, every resource is throttle especially for coal. Not only they are shortage in the amount, but they also provide low quality of energy including the damage to the contact environment.Knowing that someday we will use up all these nonrenewable resources, we also discovered other source of reliable energy such as solar energy. Many scientists assure that in short future, solar energy can be No.1 energy source (What will solar energy drive to dominate in future, 2010). With unlimited amount of energy, the insolate has a potential of creating solar reason enough to fill the need of every single human being. Moreover, energy provided by the sun is so-so clean and it does not require any maintenance (Future Uses of Solar Energy, 2009). However, this energy resource is quench incomplete. Solar energy does not have the power to complete with fossil fuel. It also is costly to obtain this energy and it still requires farther research. Despite the incomplete factors of solar energy, this type of energy is likely to dominate the short run future.Nuclear power is the second to nada in creating energy. Like solar energy, nuclear energy leaves no analyze of carbon behind (Liptak, 2009). The amount of energy it is capable is extremely high. However, nuclear energy has its own discriminates. Start off with the unstable cost of uranium. The amount nuclear power plant requires could be estimated around four cardinal tons. Calculating from today uranium price ($50/lb) it could, one day, all o f a sudden raise up to twice its original cost (Liptak, 2009). The other disadvantage would be its risk factors. Nuclear power is dangerous, and its toxic waste is exceedingly contaminated. Scientist still has to do research no how to keep it safe. But the use today is already abundant it supplies energy for over 7.5% of total consumptions (Liptak, 2009). So it is now slowly crawling to the peak of long term energy. both(prenominal) solar and nuclear energy are to be look forward to. I believed they are capable of replacing existing nonrenewable resources like fossil fuel. Future science and technology would be able to reduce the cost of these energies. Finally, it will be both worthy and safe.Q5. Regionalization verses globalization, discuss how globalization has led to regionalization and the tensions that have arisen between these two forces, as these are mingled in the current trends towards formation of continental merchandise blocs and trade regimes. correspond and contra st the protectionist tendencies of the 2000s with those of the 1930s.Many countries economy tried to expand their market internationally. Globalization process led them worldwide. However, sometime, it encourages these countries to invest in the smaller area instead. The barriers between cultures may interfered the market (Clancy, 2009). So it is more convenient to invest in area with same support style or belief. This is why some countries change their method from globalization to regionalization. Trading with neighbor is plainly easier than avocation with far foreigners. The price rate too differs between places. For example, text volume used by Thai university cannot be sold in US. wherefore is this so? The price rates between Thailand and US differ so much that the prices of books made in US is unaffordable for Thais. Thats why books were printed in here just for us, and they are strictly restricted by the US.Since is it harder for South atomic number 99 Asian countries to do trading with United State compare to the near countries. These countries established their own market with neighboring countries to strengthen themselves. ASEAN is one of them. With cooperating countries, to trade with far foreign countries is far easier.During the early 1930s, protectionism kept US trading away from outside. With low international trading partners and less economic tools, this period were known to be disastrous (Clancy, 2009). In 2000s, the United Stated seems to have learned their lesson. The tendencies in protectionism decline allowing global trade to grow. When money supply is stable, investor again have confident in the market, therefore, economic rate growth. nearly lot agree that protectionism is not the right way out. This method in both periods risked the market with depression state.Q6. Describe and explain the differences in age composition of populations in advanced countries and those in less-developed ones. What economic and social problems do t hese populations characteristics create in each case?In the different living environments, the different is population age is distinctive. Fertility rate is one factor that decides the amount of population (World creation Prospects, Volume III). In well-developed countries, fertility rate due to technology and medication is higher compare to the developing countries. This is why age composition in these two environments differs.In advanced countries, the ratios of cured persons are much higher compare to the less-developed countries. According to statistics, the rates of people with age above 65 tend to rise from 15.3% in 2005 to 25.9% in 2050, whilst the population of the young ones under age of 15 will approximately decline from 17 % to 15.6% in the same period. For the less-developed countries, population of old-age people increase from only 3.2% to 6.6 %, while population of youth under 15 will apparently flow from 41.5 % to 28.9 % due to lesser fertility rate. However, thes e children do not just vanish, as time changes the ratios of population age around 15-64 will rise up from 55% to 64.5% in this period of time (World tribe Prospects, Volume III).As overall rate of young population decrease while the rate of old people increase the rate of colony too will rise. During the period of 2005 2050, in the developed countries, the ratio rate of dependence per 100 working person rise from 47.7 to 71.2. This will obviously cause in colony problem for people with age over 65 since the number of working population compare to retired people is decreasing. In contrast, ratios of dependency per working people in the less-developed area drop from 81.8 to 55.1 which means, children in these regions are stepping into viable stage while old (retired) dies (World Population Prospects, Volume III).The dependency rate not only affects peoples living, but it also affects economic performance. If the populations of workable people increase, the income per capita of th is group will too rise. In the less developed countries, economic growths are effected by growing of working-age population (World Population Prospects, Volume III). As the income per capita grows, people tend to spend more which remind active economic market. In this period, the workable population boosts the rates of economic growth. However, the rates differ in developed countries. As the workable population decrease, the countries economic growth will too delay.