The debаte surrоunding the rоle оf the mаrket аnd the state in promoting economic growth and development has been ongoing for decades. While some argue that the market should be allowed to operate freely to drive growth, others believe that the state should play an active role in regulating the market and promoting social welfare. However, achieving a balance between these two forces can be challenging. In your opinion, what are some successful and unsuccessful attempts to balance the power of the market and the role of the state in driving economic growth and development? Please provide specific examples and engage with the systems we covered in class. In your opinion, what are the key factors one has to consider and what is the most optimal type of system? Many people agree that our world is rapidly "globalizing." This globalization can be economic, can involve social norms, customs, and institutions, or it can involve organized force (e.g., international organized crime, terrorist groups, and imperial powers). If the globalization of organized force gets carried very far, what implications, if any, might this have for the utility of the Weberian definition of the state? Would a radically (politically) globalized world be one in which new types of states were observable? Or would it be a world of weak states? As a leader or policy worker in a developing country with limited resources and infrastructure, compare the effectiveness of import substitution industrialization and export-oriented industrialization as strategies for economic development and modernization. How would you address the challenges your country faces in implementing either of these strategies? Additionally, how does the Washington Consensus propose to address these challenges, and how would you balance its recommendations with your country's unique needs and constraints?
When thinking аbоut pоliticаl vаlues оf Americans, when there's support for an affirmative action policy that considers an applicant’s race in university admissions is an example of a political ________, while a belief in equality of opportunity is an example of a political ________.