Every term the federal government provides grants to local and state governments. Those funds are accounted for federal outlays and a quarter of spending by local and state governments. Over the past years the intergovernmental grants from federal government that support state and local government that supports state and local programs have fluctuated. These financial … Read more
The modern world has become economically characterized by the widespread expansion of capitalism through the embrace of competition within the free market. Two ideologies that attempt to achieve economic prosperity are Keynesianism and neoliberalism. Keynesianism, envisioned by John Maynard Keynes, attempts to provide equality of opportunity, in the pursuit of the common good by allowing … Read more
James Cypher exemplifies in his textbook The Process of Economic Development that the gross national income per capita, gross domestic product per capita, human development index, gender inequality index, and Kuznet’s Curve are methods of describing the inequality and poverty of a country. Each method catalogued by Cypher has strengths and weaknesses exhumed in the … Read more