question archive 1)Was the Qing dynasty Canton trade system one of the worst pieces of economical policy one could come up with? 2)Given that Singapore and Germany were once devastated nations that have grown so much, were Nehruvian economic policies wrong? 3)Are Bernie Sanders' policies fiscally and economically sound?

1)Was the Qing dynasty Canton trade system one of the worst pieces of economical policy one could come up with? 2)Given that Singapore and Germany were once devastated nations that have grown so much, were Nehruvian economic policies wrong? 3)Are Bernie Sanders' policies fiscally and economically sound?

Subject:EconomicsPrice:2.88 Bought3

1)Was the Qing dynasty Canton trade system one of the worst pieces of economical policy one could come up with?

2)Given that Singapore and Germany were once devastated nations that have grown so much, were Nehruvian economic policies wrong?

3)Are Bernie Sanders' policies fiscally and economically sound?

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

1)The system of Canton trade helped China to operate the trade with the west countries. During Qing reign, the policy related to trade was backed by the threats from the foreign countries. Out of fear of invasion, Qing prohibited many countries from entering in China for dealing purpose and restricted the trade only to some licensed traders that affected the trade in China. Although Canton trade system did not destroy the whole structure of the trade scenario, it adversely impacted the economy of China during that period of time; therefore, this trading system was considered the worst economic policy.

2)Sound economic policies are great pillars of economic growth in many countries. With examples of Singapore and Germany, that demonstrates the powerful impact of good economic policy. Singapore has witnessed economic ascension attached to investing in education, adopting globalization, free-market capitalism and by use of strict pragmatic economic policies. With regard to strong economic policies and free-market capitalism, Germany has had a steady and continuous economic growth and stability. Relating the economic progress of Singapore and Germany with Nehruvian economic policies, the later appears to be wrong. Nehruvian economic policies laid more weight on socialism, Nehru policy advocated the state to control almost all sectors of the economy on a centralized basis. With these policies, industrial policies were not able to be freely executed and all sectors under control of the state are at the receiving end of the state control policies.

3)Yes, it is true that Bernie Sanders policies fiscally and economically sound such that there is policy of redistribute of wealth in such a way that the higher taxes are charged from corporations in such a way that the more money is distributed to poor people and they spent more and creates more jobs in an economy.