investors obtain through the investment in the foreign country to the home country
A term used by post-colonial critics
of developed countries' involvement
in the developing world
In the modern world,
political control by
an outside power of a country
They overestimate purchasing power of the middle class in India.
Real Purchasing power of the middle class in India is very low.
a) Alfred the Great
1. 알프레드 대왕은 누구인가?
역사적으로 알프레드 대왕(Alfred the Great)은 왕국의 조직화를 이룬 첫 번째 왕으로 영국의 왕들 중에서 유일하게 대왕의 칭호를 받은 사람이다. 한 시대를 이끌어 간 인물로서 영연방의 역사를 논할 때에 빼놓을 수 없는 인물인 알프레드 대왕(Alfred the Great,
Capitalism against the Welfare State: Classical Political Economy
Some thought the welfare state is incompatible with capitalism. This conviction can be retraced to Adam Smith. He understood welfare as being secured primarily through the market. More clear reason for incompatibility is that without the compulsion to work an efficient market could no longer function because there would remain no
1. Before the Welfare StateThe concern of these earlier states was primarily with the maintenance of public order, the punishment of vagrancy and the management of the labor market, rather than the well-being of the poor.
…
1. The comparison and contrast of ‘state capitalism’ and ‘market capitalism’
There are about two capitalistic means in keeping monopolistic capitalism. One is 'state planning like monopoly, cartel'. Another is 'collective relations like Soviet union'.
The reason that state capitalism is associated with the Great Depression is state capitalism happened because of the Great Depression.