Woche 3
Political Environment
Political Environment
Set of flashcards Details
| Flashcards | 17 |
|---|---|
| Language | Deutsch |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 03.12.2023 / 09.01.2024 |
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What are 4 examples of power in government?
- Power of Tax
- Power to raise an army
- Power to make laws
- Power to regulate business
What are the democracy's basic characteristics?
Three additional important apsects: Guarantee of freedom (dreedom of speech and asembly), access to information, protection of individual and minority rights and separation of power.
Purely electoral democracy focuses in fulfillng the right of citizens to choose their government
What is Authoritarianism and what is it beliefs and characteristics?
The Government is represented by one authority (person, political party, institution) that exercises sole political, economic and social (often also cultural) control and should rule in the interest of all people
Forms of authoritarianism:
- Communist authoritarianism - Production is owned by the state
- Theocratic authoritariansm
- Right-wing authoritarianism
- Military authoritarianism
What does communist authoritarianism mean?
.
What is theocratic authoritarianism?
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How do we measeure the quality of GOOD GOVERNANCE and what do we measure? Name the 6 governance performance indicators:
- Voice and Accountability
- Political Stability abd Absence of Violence
- Goverbnment Effectiveness
- Regulatory Quality
- Rule of Law
- Controll of Corruption
1. Voice and Accountability:
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2. Political Stability and Absence of Violence:
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3. Government Effectiveness:
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4. Regulatoy Quality:
5. Rule of Law:
6. Controll of Corruption
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Which 4 traps are the main reason for poor development?
- The Conflict trap
- Landlocked with "bad" neighbors trap
- Bad governance trap
- The Natural Resource Trap
What is: the conflict trap?
Less political instability in High Income countrys
Whats is the: Landlocked with "bad" neighbors trap?
Disadvantages due to problematic neighbours
What is: Bad governance trap?
The Correlation is for every Indicator almost identic
What is: The natural resource trap?
Wealth from natural resources can hinder economic progress
Why can natural resource wealth hinder economic development?
- Prize volatility - economic instabilities
- Poor governance and political instability - hinder economic growth - leads to rebbelioS
- Foreign intervention
- Direct Involvement: Supplying Military Equipment, financial support to local rebels
- Direct Involvement
Resource curse 1: Volatile Prices
For example: Crude Oil
- Oil prize rise and consequent economic booms bein mismanaged, misspent
- Oil prizes decrease and consewuent economic busts are not mitigated which leads to spectacular crisis
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