Economic Systems of Different Countries
Canada:
The Government of Canada is a Federal Parliamentary Democracy and a member of the Common Wealth. The Prime Minister of Canada is the Honorable Jean
Chretien. The Deputy Prime Minister is Sheila Copps and the Governor General is
Romeo LeBlanc. There are five major political parties in Canada they are; the
Progressive Conservatives, the Liberal Party, New Democratic Party, the Reform
Party, and the Bloc Quebecois.
The GNP per capita (1991) was $19,934 (in millions). The annual GNP growth was 3.4%. The amount of GNP for defence was 2.2%. The majority of workers in Canada are in the Service field (73%), Industry has 23% of the workers, and Agriculture has the remaining 4% of the labour workforce. Canada has an unemployment rate of 9.5% and an inflation rate of 2.3%.
Canada's top three natural resources are Nickel, Zinc and Copper.
Canada's top three agricultural products include Wheat, Barley, and Corn. The three major Canadian industries are automobile manufacturing, lumber industry, and petroleum products. Canada has a healthy trading market with major partners such as the United States, Mexico, and Japan. The top three imported products are vehicles, foodstuffs, and animal feed, while the three major exports include vehicles, petroleum products and natural gas. Canada's exports vastly outweigh their imports. The balance of trade is $9,823,000,000 (more exports than imports). Canada's economy is a market economy based on free enterprise and the ideology of capitalism. As a Canadian citizen you are free to buy and sell as you please on the open market, so long as you are within the law. Since Canada is a democratic state we are guaranteed these rights and freedoms. Canada has a very efficient economy. We have an unemployment rate of only 9.5% and a reasonably small inflation rate. Canada has been rated as one of the best countries in the world – Coincidence?
Niger:
The Government in Niger is a republic in which there is a President and a Prime Minister. The President of the Republic of Niger is Mahamane Ousmane.
The Prime Minister is Hama Amadou. There are five major political parties.
They are; The National Movement for the Developing Society, The Democratic and
Social Convention, Nigerian Party for Democracy and Socialism, The Nigerian
Alliance for Democracy and Progress, and The Union of Progressive Patriots and
Democrats.
Niger has a Gross National Product per capita of $550 (in millions).
There is an annual GNP growth of 1.4%, 0.1% more then the allotted funds for defence. The majority of the labour force works in agriculture (45%), the service field represents 39% of the workers, and the remaining 16% are employed
An economic system is the institutions, organisations and methods used to deal with the problems of what kind of goods and services to produce, how and who should receive them that can affect a business, an area even the whole country. It can reflect the values, targets and development degree of a particular area. So, different economic systems are based on different situation of the businesses, areas or countries. However, there are three main kinds of economic systems: planned, market and mixed
In the essay “Judaism and Economic Reform”, Norman Solomon, a Jewish-American journalist, presents a compelling argument on the basis of the need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world’s current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to the Jewish worldview of economics we as readers are able to transition
Implementing new economic systems is a tough job and it doesn’t guarantee success in the industry, but there are some countries who have created economic systems from benefitting and exploiting other countries around the world. This tremendously pushed greater economies towards all new and effective economic methods, while others suffer from the decisions. Some countries have an extensive economic history in the world. An interesting era to discuss these countries during the Post-Colonial era, an
MR WANDILE MQWATHI 23610573 ECON BSc GROUP 5 LECTURE NAME DATE DUE Contents INTRODUCTION 1 Literary review 1 Traditional economy 1 Command system 1 Market system 1 Mixed system 1 Critical analysis 1-2 S.A system as mixed economy 2 Discussion and comparison based on the four types of economic systems 2-3 Recommendations 3 The Advantages of a Mixed Economy 3 The Disadvantages of a Mixed Economy 3 Conclusion 4 Bibliography......................................................................
urbanization. The development of urban space and city dwellers depends on the different ways that Americans regulate their cities. Globalization refers to the process of integrating of countries across the world. The process of globalization is accelerated by the dynamic nature of technology, change in price, and liberalization of trade makes it easier for countries to merge their trade rules, minimizing competition. The countries of transition show integration of the global economy as characterized in
Student’s Name Institution Is Liberal Democracy the Best System? Is Liberal Democracy the Best System? For years now, democracy has been considered by many countries to be the best form of governance, capable of steering economic growth. It has however always been a topic of debate by experts, especially its relevance and efficiency. Liberal democracy has been argued to be the best solution for nations aiming for economic development. Liberal democracy is defined as a political ideology
(particularly services) in the evolving postindustrial economy” (Kleniewski, 138). London, Tokyo, and New York are the three main countries that have a strong and wealthy economy.
centuries ago for different purposes that were related mostly with public works, economic infrastructures etc. In our days the taxes are levied in money or its labor equivalent. in the countries that came from a communist regime ,firstly was implemented a tax system based on the progressive tax. this was a system that was used widely by the western countries. The problem was that the result of this new tax implementation wasn't what the governments and economists expected. The economic condition of
Human geography is composed of many different fields, including political geography, urban geography, economic geography, population geography, etc. This collection of chapters, while touching upon a few of the aforementioned fields, is mainly centered around the field of economic geography. Each one of these chapters aims to draw attention to and answer questions developed while exploring different case studies with regards to the human geography of certain phenomena connected to Addison County
time for the development of national welfare states. European countries took different approaches to support their people. Some countries like the United Kingdom built a completely new welfare system while others like Germany and Austria decided to keep existing social welfare systems (Kaelble 264). Ultimately different plans and ideas regarding welfare led to divisions between countries that still exist. Different countries have different values regarding the necessary level of contribution one must
approaches to Economic Structuralism tend to vary with the problem being examined. Issues can be viewed from several different theoretical perspectives, including the mercantilist, liberal, and Structuralists (Marxist or neo-Marxist) perspectives. Realists, focus on competing interests and capabilities of nation-states in a competitive struggle to achieve power and security. Liberals are optimistic about the ability of humans and states to construct peaceful relations and world order. Economic liberals
Imperialism and the hegemonic stability theory are used in different period of time which helps the countries to expand themselves. Firstly, let’s look at the neo-Marxist theories of imperialism. It refers to imperial government that is ruled by an emperor to earn and hold colonies and dependencies by extending the rules or authority of a nation over foreign countries. The key representatives of the theories of neo-Marxist on imperialism are Sweezy, Paul Baran, Andre Gunder Frank and Amin. Sweezy
between economic statuses. “Global capitalism created the unequal distribution of wealth in the core periphery dialects” (“Galeano”). Galeano states that there is an economic ladder of superiority based on exploitation. Primitive accumulation started the birth of capitalism and economic systems around the world. Primitive accumulation impacts the global relations around the world today. The United States often buys and sells to Latin America, because they are more developed than other countries. Latin
Men with Guns Men With Guns is not so much a film about economic processes as it is a film about the effects of a certain economic system - feudalism. It is more a film about cultural and political processes than anything else, a film that deals in depth with the grave consequences of a country in Central or South America whose Indians are subjects to the knights - the “men with guns” - who control and terrorize their existence. Cultural processes can be defined as the creation, or transfer
modernize the political system of a country; economically, war can encourage a huge number of industrial developments of a country; morally, war can destroy the evil ideas of the world. For the propose of this assignment, the following definition of nation building is provided: Nation building is the development or modernization of a country in political, economical, and/or social aspect(s). First of all, war can modernize the political system of a country. When a country was defeated in a territory