1. The Rise of the Virtual State
... In an effort to try to address the above questions Rosecrance uses the central argument that states will specialize and become more dependent on one another. His notion of economies of scope versus economies of scale is introduced in the first chapter of Part II. Rosecrance argues that scope allows for efficient production of many products on the same assembly line, but I believe we ... still see scale as an important determinant of prices. He argues that the role of the state is decreasing in the economic domain. Furthermore, he asserts that the virtual state increasingly relies on fore...
- Word Count: 1468
- Approx Pages: 6
- Grade Level: Undergraduate