... owners of capital to the entire population. Plant closings and relocations abroad may have been anathema to advocates of a national "industrial policy", but were perfectly compatible with a theory that regarded protected work forces as a constraint on market competition. Removal of state subsidies and tariff barriers may have adversely affected the standard of living of workers and the growth prospects of certain ... socio-cultural changes of a more diffuse, but equally important character: • Reevaluation of capitalist profit making as desirable and congruent with national interests â...

• Word Count: 1434
• Approx Pages: 6
• Grade Level: Graduate

... assemble goods that had previously been imported (such as cars). The production plants were not as efficient as their global rivals and were only staying in business because they were protected against foreign imports by heavy tariffs. This was always going to be the case to begin with, while new industries were setting up, but they were supposed to become more ... ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

... policies. For example, owners of land, corporate shares, or intellectual property are unwilling to invest in the improvement and upkeep of their property if their rights as owners are not protected. The role of institutions goes beyond the legal framework. Government attitudes toward markets and freedoms and the efficiency of its operations are also very important: excessive bureaucracy and red tape ... ...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate

... 213). With a surge in population, labor supply was larger than labor demand, and peasant households tended to collapse. Workers and peasant families migrated to cities in search of work, where a protected modern sector generating high wages for a few coexisted with a growing informal sector characterized by low wages. Thus functional dualism was recreated in urban areas. Thus, if tenure covered resource rights ... ...

• Word Count: 2958
• Approx Pages: 12
• Has Bibliography
• Grade Level: Graduate