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What was the impact of Karl Marx's work on modern political and economic theory?
Karl Marx's work had a significant impact on modern political and economic theory by introducing the concept of communism and critiquing capitalism. His ideas influenced the development of socialist and communist movements, as well as shaping debates on class struggle, inequality, and the role of the state in regulating the economy.
What is the economics system of most communist countries?
Historically, most Communist countries had planned economies (indicative of communist economic theory), but today, most Communist countries actually have capitalist economies with strong state presence.
Is Vietnam an auotcracy?
Yes. Vietnam is a Leninist Autocracy. Leninism is the political theory that a single party rules the government and governs all affairs as opposed to individual politicians. Vietnam is often improperly called a Communist country and the confusion stems from the fact that the single party that rules Vietnam calls itself the Communist Party. However, these Communist Party does not practice Communist political theory, but rather state-directed, right-wing economic and political theory.
Is the People's Republic of China a democratic country?
NO. PR China is a Communist Dictatorship. Specifically, it is a LENINIST COMMUNIST STATE. Leninist Communism is the political theory that a single party called the Communist Party rules the government and governs all affairs as opposed to individual politicians. Although the single party in a Leninist Communist State is the Communist Party, the party need not practice Communist political theory. In both China and Vietnam, there is a state-directed, right-wing economic and political theory.
How does state planning work?
economic development
Is the government of China a Dictatorship or Democracy?
China is a dictatorship, but more specifically, China is a right-wing Leninist State. Leninism is the political theory that a single party rules the government and governs all affairs as opposed to individual politicians. China is often improperly called a Communist country and the confusion stems from the fact that the single party in China is the Communist Party. However, the Chinese Communist Party does not practice Communist political theory, but rather state-directed, right-wing economic and political theory.
What is the difference between economic development and financial development?
Economic development, generally speaking, is a process of change that is focused on the betterment of the community, state, and/or nation and financial development is a part of of economic development important part.. it is more on financial.
How would you describe economic development?
Economic development, generally speaking, is a process of change that is focused on the betterment of the community, state, and/or nation.
Are economic development measures standardized?
Standardized measures of economic development are used to identify the status of one's country, state, or local community.
Do national trends affect state and local economies?
Trends in national economic development reflect changes occurring at the state and local levels and can impact local economic development planning.
What are the causes of underdevelopment in relation to neo- liberal development theory?
Underdevelopment in neo-liberal development theory can be attributed to factors such as limited state intervention in economic affairs, emphasis on free market principles which may not address structural inequalities, reliance on foreign investments that may not benefit local communities, and policies that prioritize economic growth over social welfare and equity.
What are the four major objectives of state economic policy?
The major objectives of state economic policy will vary from state to state. Most state economic policy agendas will include; economic development, full employment and price stability, and distribution of income and wealth.
