Political Freedom And Economic Growth Essay

Throughout history freedom has had many different meanings and definitions; based on race, gender, and ethnicity. According to the dictionary freedom means the state of being free or at liberty rather than in confinement or under physical restraint (“freedom” def. 1). Freedom may seem like something given to everyone however it was something workers had to fight for. Not everyone believed that workers’ rights needed to be changed, which led to a long battle between workers, employers and the government. To the working class people freedom meant making higher wages, having regulated hours, workable conditions and the right to free speech.

This paper relates to what I have learned in the Macroeconomics class. For this final term paper; I will write about the U.S. federal government operations and how government leaders handle macroeconomic issues in our economy. We will discuss a couple of current economic issues and what the federal government is doing to reach solutions. I will also address U.S. unemployment issues, international trade, fiscal and monetary policies, and methods of alternative energy, along with the Federal Reserve’s role to confidently curb recession and avoid inflation The U.S. federal government is actively involved in assuring national security through counterterrorism techniques. They perform strategic planning to give surety of macroeconomic financial

Since the creation of the United States, the meaning of freedom has changed to meet changing attitudes. Throughout our nation’s history, there have been significant periods of racial, economic and civil rights inequalities. There are different meanings for freedoms that have been established throughout the historical period of the United States. During this modern era, the US had certain periods of time that lived up to the ideals of freedom such as the Gilded Age. In opposition, the US has also had periods of time where our ideals of freedom failed to meet the requirements of our nation, a prime example being the late 1940s when the US entered the Cold War and led to the anti-communism period of McCarthyism which ultimately restricted

Awakening or to awake means “to wake up; to be or make alert or watchful” (Webster 23). This is what Edna Pontellier experienced in The Awakening.

This regression equation can be graphed as follows assuming β0 as the intercept and β1 as the slope:

The United States is known for having a free-enterprise economy where a business can be conducted freely without government involved. In free-enterprise economies, goods and services are traded openly and are produced depending on the demand. People who support this type of economy believe it motivates businesses to make money and welcome new ideas. An important part of the economy is to have full employment and low inflation.

America is the universal symbol of freedom. But is it really free? Does the history of the United States stay true to the ideas of our forefathers? Or has the definition been altered to fit American policies? Has freedom defined America? Or has America defined freedom? I believe America was at first defined by freedom, then after time, America defined freedom, altering the definition to fit the niche it fits in, but still keeping key components so it still seems to be staying true to the ideas of America’s founding fathers.

In the movie, The Freedom Writers Mrs. Erin Gruwell (Hillary Swank) plays a role of a dedicated teacher who did all she could, to help her students learn to respect themselves and each other. She has little idea of what she's getting into when she volunteers to be an English teacher at a newly integrated high school in Long Beach, California. Her students were divided along racial lines and had few aspirations beyond basic survival. Mrs. Gruwell was faced with a big challenge when a group of freshmen students showed her nothing but disrespect which made it hard for her to communicate, teach and understand them. However, Erin Gruwell was determined that no matter the cost she would teach her students not only

Many ideas are important within the American culture, but to the American sense of patriotism, freedom is most fundamental. The idea of freedom is central to the American politics – which is at times referred to as liberty. Since the birth of the nation, freedom has been the vocabulary of the American language and its importance cannot be underestimated. The Declaration of Independence, for instance, ranks liberty as an inalienable right. On the other hand, the Constitution reckons that it purposes to protect civilians’ liberty. The importance of freedom has even stretched further than the political arena and has prompted the birth of civil rights movements and other activist protests. The Cold War and the Civil War were all for the cause of freedom. The importance that Americans attach to freedom can also be demonstrated from the erection of statues, banishment of slavery, use of liberty poles and a right to vote for adults. For many years, women and the African Americans have for a long time fought against denial and infringement of their freedom . However, given the importance that Americans affiliate to freedom in the conceptualization of their country, it has been the subject of modifications over the course of years especially before the Revolutionary War.

Amartya Sen defines economic development in terms of personal freedom, freedom to choose from a range of options. While economic growth may lead to an increase in the purchasing power of people, if the country has a repressed economy, there is lack of choice and hence personal freedom in restricted. Hence once again growth has taken place without any development. While economic growth may result in an improvement in the standard of living of a relatively small proportion of the population whilst the majority of the population remains poor. It is how the economic growth is distributed amongst the population that determines the level of development.

of happiness" he was speaking of the inherent rights of man and went further to

In recent years Bangladesh has achieved rapid economic growth and significant progress in social development despite many other problems. The enviable GDP growth and many other social and environmental successes have gained until now. But still Dhaka is one of the least livable cities in the world. Political economy and urban planning both are complex and people and state oriented. Before discussing about the political economy of urban development process it is necessary to clear the concept of political economy and the economic system of Bangladesh.

The Author Dr. William Easterly, a former Economist with the World Bank and a current professor of Economics at The New York University in this book talks about The Economists’ Quest to find the means by which a poor country in the tropics would be able to become rich like the countries in Europe and North America.

This can be measured by the following formula; Per capita nominal GDP = Nominal GDP / Population, Per capita real GDP = Real GDP / Population. Seven factors determine economic growth. Natural resources such as land, mineral deposits, waterways; climatic conditions provide an essential foundation to economic growth. Combined with the other resources of capital, labor and enterprises, natural resources can be developed and organized to increase the productive capacity if the nation. Consequently the quality and size of the labor force is a major determinant of economic growth. Education and vocational training are essential the growth potential of a nation. The promotion of education and job training schemes increase the knowledge, skills and flexibility of the workforce that contributes to potentially higher levels of productivity and efficiency. Whether from natural increase or immigration population growth can cause a higher level of economic growth. An increasing population requires increased public spending on housing, education and other social needs while businesses expectations of

On June 29, 1956, the Federal Aid Highway Act was passed allowing for the construction of the Interstate Highway System. These limited-access highways would open the door for economic development across the country with their higher speeds and consistent route across state lines. In 1960, after the development of the interstates had yielded early promising economic results, a group of governors in Appalachia met with Presidential Candidate John F. Kennedy to discuss the needs of their impoverished people. The poverty of the Appalachian region was a dark spot on a nation that was experiencing so much success in the post-World War II era. After the lack of success of an earlier program, the Area Redevelopment Association, Kennedy would form