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17 Sep 2018

Explain G. Hodgson’s point that analysis of corruption should not be limited to the government sector. What is the position on the relation between markets and government in Institutional economics?

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Jean Keeling
Jean KeelingLv2
17 Sep 2018

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Related questions

Researchers have concluded that corruption is one of the major factors that affect economic development in many developing countries. In other words, these countries are not developed because of corruption. However, many government officials in these developing countries argue that even in developed countries such as the U.S. government officials, England, Germany and others, congress, senate, parliament in the other public institutions are corrupted through rent-seeking. The government should be the institution that prevents rent-seeking activities because they impose huge costs on other businesses as well as on consumers. However, in these countries, the government is often the institution that supports rent-seeking. What is your reaction to this statement? Can rent seeking to be viewed as an act of corruption that the government should prevent?

Which of the following government policies would be least likely to encourage entrepreneurship?

A. Passage of laws that enable businesspeople to write enforceable contracts.

B. Establishment of a currency that is tradable in world markets.

C. Establishment strict regulations specifying exactly how products should be made to ensure safety and affordability.

D. Passage of laws that eliminate corruption in government and business.

 

Write an essay about 500-600 words analyze Gross Domestic Product of Viet Nam( analysis of the selected economy's GDP composition and growth over time, as well as an investigation of the basis for income generation and any constraints to growth), The monetary system of Viet Nam ( including its development, the role of the central bank, the currency, and the central bank's influence on the level of prices. Interaction of the monetary system with the government's fiscal policy, including government indebtedness ) The external sector of Viet Nam ( analysis of the balance of trade and the financial flows between domestic and foreign entities. Imports and exports vital to the country's GDP will be examined) Summary and Conclusions: Based on the preceding data, an analysis illustrating the central theme(s) behind the selected economy's successes and challenges in providing improving welfare for its citizens.

Data : Population: 89.7 million GDP (PPP): $359.8 billion 5.4% growth 5.7% 5-year compound annual growth $4,012 per capita Unemployment: 1.9% Inflation (CPI): 6.6% FDI Inflow: $8.9 billion

RULE OF LAW Property Rights (15.0) Freedom From Corruption (31.0) LIMITED GOVERNMENT: Government Spending (77.1) Fiscal Freedom (79.1) REGULATORY EFFICIENCY Business Freedom (61.5) Labor Freedom (62.9) Monetary Freedom (66.8) OPEN MARKETS Trade Freedom (78.6) Investment Freedom (15.0) Financial Freedom (30.0)

it's all about Vietnam's economy.

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