Global issues Assignment Example | Topics and Well Written Essays - 250 words

Global issues - Assignment ExampleIt had prove to be rather tenable, when used partial(p)ly, as it was in the post-war Britain, where sacred nature of private property and private enterprises were combined with nationalized industries in other words, in the mixed prudence.Keynes social occasion, to the contrary, was to subject economy to the governmental central planning. His repose implied that the government should take control over the key industrial and economy sectors, regulating them particularly, via price control. However, this purpose wasnt achieved to the full extent, as the ideas began to collapse with growth of inflation, unemployment, poverty and extreme forms of governmental control totalitarian, care in Nazis Germany posing a threat to democracy. His theory had proved to be efficient for wartime but unavailing in the time of peace. However, Keynes remained among the most influential economists of the 20th century.The term Commanding Heights was first mentione d in the speech pronounced by Lenin regarding the key sectors of economy that should be run by the government. To my thinking, governments should own exacting heights only partially to avoid excessive control over economy. There is a enormous plus in the global economy, which is absence of boundaries in mutual help, and this is illustrated by operation of numerous transnational economic organizations like International Monetary Fund. However, there should still be at least partial control over the national economies to prevent negative side effects of globalization therefore, mixed economy seems the most tenable