Posts Tagged ‘economy’

Does the size of the government’s debt and the size of the budget deficit indicate potential problems for the economy in any of these cases?

1. The government’s debt is relatively low, but the government is running a large budget deficit as it builds a high-speed rail system to connect the major cities of the nation.
2. The government’s debt is relatively high due to a recently ended deficit-financed war, but the government is now running only a small budget deficit.
3. The government’s debt is relatively low, but the government is running a budget deficit to finance the interest payments on the debt.

The government gave industries more economic freedom.
The government lowered taxes to promote economic growth.
The government stripped the corporate world of its power.
The government regulated the production of war goods.

If to pay that government worker the government must create more money (diluting the value of the dollar) or take the money from other people (taxes)?

Am I missing part of the equation stimulus believers?

Reforms transform Syrian economy, but not politics
After delivering a lecture on the increasing role of private banks in Syria, economist Mohammed Ayman al-Maydani got an uncomfortable request from members of the audience to elaborate on a brief reference he made to corruption in the country’s private and public sectors.

Singapore economy soars; government warns of asset bubbles
SINGAPORE, May 20 — Singapore’s economy grew more strongly than expected in the first quarter, helped by a recovery in manufacturing, but the government warned of risks from asset price bubbles in Asia and the fallout from Europe’s debt crisis. Officials said today the strong rebound from its worst-ever recession last year will be helped by a …

Iceland’s government sees economy recovering, but IMF aid is key
REYKJAVIK (Reuters) – Iceland’s government expects the economy to turn a corner in the second half of 2010 but said risks remained significant and the flow of aid from the International Monetary Fund would be crucial.

I know that in the 1920s Canada was booming, and in hte 1930s Canada was in the Depression. However, I’m’ wondering how it all tied in with the politics at the time, and how the economic conditions “drove” politics.

PS. This is not a school project or assignment, so please don’t tell me to just do my own research.

Define power and authority, and discuss their differences, similarities, and variations. How does each term relate to politics and the economy? Be sure to give clear examples for each point made.