According to Stiglitz, depending on how it is managed, globalization may succeed or fail.
<h3>What does Joseph Stiglitz believe in?</h3>
Success, according to Joseph Stiglitz, occurs when national governments manage it by embracing the unique traits of each nation. When it is governed by global organizations like the IMF, it fails. Finance ministers and bank governors, who have formulated policies that benefit the financial sector, are said to be in charge of the IMF, according to Stiglitz.
In addition, the "Washington Consensus," a collection of policies that promotes "stabilization, liberalization, and privatization" of the economy, is harmful since it places a strong emphasis on deregulation. Instead, policies should aid nations in creating "the proper regulatory system." In the end Stiglitz adds that, a stronger commitment to democratic principles by the Bretton Woods Institutions.
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The answer is : b. An externality
The example of an Externality is air pollution from Car emission
The air pollution is not technically covered and intended by the car manufacturing company , but it harm a third party ( civilians) who do not involved in the car production
Answer:
Positive externality
Explanation:
In economics, there are generally two different types of externality named as a positive and negative externality.
Positive externality: In economics, the term "positive externality" is described as a phenomenon that occurs when the production or consumption of a specific good leads to create a benefit to any third party.
Example: A particular beekeeper who tends to keep the bees as they produce honey.
In the question above, the given statement represents positive externality.
The things are considered psychological influences on the purchase decision process:
- learning
- value
- beliefs
- attitudes
<h3>What is referred to as the purchase decision?</h3>
This is the term that is used to refer to all of the ways that the person that would have to use a product would end up getting the product that they want to fulfill a particular need. It is what can be used to describe the drivers of their purchases.
In the stage of making a purchase decision. the person that is the consumer would have formed the intention that they want to buy a particular brand of product. This is the fourth stage that is is the consumer decision process.
Hence we can say that the things are considered psychological influences on the purchase decision process:
- learning
- value
- beliefs
- attitudes
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Answer:
The correct answer is letter "A": countries with high purchasing power today may not continue to show the same growth in the future.
Explanation:
Even if during the past decade the world's major economies have been the same -<em>The U.S., Japan, China, Russia, and Germany</em>- it does not necessarily mean the scenario will not change for the next one hundred years. Some other countries like Saudi Arabia, Switzerland, Belize, Luxembourg, and Australia have started to show signs of increasing development that could turn the worldwide economy into a new direction. The last five (5) countries are reported as being the top nations with the highest purchasing power for 2018.
