few questions, due 3 hours, easy I supply other student answersnyc promo
MUST ANSWER ASSIGNMENTS 1 AND 2. I uploaded other student answers so just do basic research and do not copy their answers. word doc have all the student answers. also mention the source if your copying words from some where DUE TONIGHT in 3 hours very easy
Read Bamber et al., International and Comparative Employment Relations: Globalization and Change, Chapter One, “International and Comparative Employment Relations: An Introduction.
(a) Explain the following theories: convergence, simple globalization, institutionalist, and varieties of capitalism (VOC). Compare each with Olson’s theory.
(b) Read this article about taxes and government inefficiency in Sweden: http://www.newgeography.com/content/00814-swedens-taxes-the-hidden-costs-the-welfare-state Which theory, convergence, simple globalization, institutionalist, VOC or Olson, best explains the issues described in the article? Due March 16.
(1) According to the first article, (a), productivity growth rates have slowed to historically low levels around the world. Compare the explanations offered by the reporters to those that William Lewis give and those that Mancur Olson would give.
(2) According to my blogs, (b), (c), and (d), the Federal Reserve Bank and other monetary authorities serve as redistribution vehicles by which freshly printed money is diverted to special interests, resulting in lower real hourly wages to workers excluded from the recipient group, special interests that bankers favor.
(a) How might the Fed magnify the redistributive processes that Olson describes?
(b) Since World War II, central banks have been given increasing power to allocate credit (print money) and distribute it to interests deemed acceptable to the banking system. This has been true in countries around the world. How might this explain the slowdown in world productivity growth rates?
(c) All sustainable real-wage increases depend on productivity growth. If productivity doesn't grow, no wealth is available to raise real wages. (Real wages are wages adjusted for inflation. They have not grown in the US since 1970, although they grew from 1800 to 1970.) How might the interaction of special interest lobbying and central banks' creation of credit and money magnify the effects that Olson describes, reducing real wage growth over time and resulting in a stagnant or possibly declining standard of living over your lifetime?
(d) How might country size modify the way that monetary policy interacts with special interest pressure?
(e) After controlling for size (since successful coordinated capitalist economies tend to be smaller), do these effects depend on whether an economic system has a greater degree of central coordination (Sweden and Japan) or a greater degree of decentralization (the US and Britain)?
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