What is an example of a mixed economy?
Mixed economy refers to a system where both state and private enterprises constitute and drive the market. It was coined in contrast to socialist (mostly state driven) and capitalist (largely private managed) economies. It contains aspects of both capitalist and socialist economies.India though avowedly was a mixed economy since its independence, It is only post 1991 economic reforms that the economy started opening to private/market forces. Thus the current Indian economy truly reflects features of “mixed economy.”So today, there are ports that are both public and private, so is the case with airports, power generation and distribution, telecom, insurance and banking, education, health, transportation, barring a few sensitive areas the Indian Economy has both state and private owned enterprises in significant portions, thus is a classic example of mixed economy.
What are some of the funniest papers in economics?
I will start by stating my own favorite. It is this Paper by James Heckman titled "The Effect of Prayer on God's Attitude Toward Mankind". What I make of it is that Heckman has actually trolled a statistical theory in this paper. That particular theory says that one can find out how a variable Y (about which nothing is known) is related with another variable X whose distribution is well known. Heckman takes the unknown variable Y as "God's attitude towards mankind" and X as the intensity of prayers among population, the distribution of which is known. And then he finds out the relationship between Y and X using the theory. He finds out that "A little prayer does no good and may make things worse. Much prayer helps a lot." In the conclusion he also notes that the underlying theory can be generalized further in a case where even X is unknown! This is what I call trolling at a Nobel laureate scale.
What are the economic issues in Philippines?
Now you now why the Filipino masses never felt that the fruits of the economic progress are benefiting them even the Philippines is one of the fastest growing economies in the world.Aside from this are graft and corruption in the government and the opportunities are centered in urban areas.These contributes to wealth inequality distribution in the Philippines.
Is Binghamton (Broome County) a good place to live?
Binghamton has fallen on hard times with the departure of IBM and the EJ shoe company, and even though those events occurred several years ago, Bingo hasn't really bounced back yet. It's not a "college town" in sense that, say, Ithaca is. The college is in an area of malls and stores and highways. Don't know what the IT situation is down there, but I haven't heard about a boom in that field there - most of that is happening in central/western NY [Rochester, e.g.]. There's not a lot to do in Bingo for young people, which is why the college students don't stay there, for the most part, once they graduate. If you're looking for a "college town" atmosphere, there a many better towns. Ithaca really IS a neat town in a beautiful, but remote, area. Don't know what the IT situation is there, either, though.
Could Mexico make nuclear weapons if it wanted to?
Yes, it can. Mexico has the capacity to produce enriched uranium and plutonium, and as you probably know, at present, operates and maintains the Laguna Verde nuclear power plant with its own nuclear engineers. By comparison, developing a nuclear weapon is a relatively simple process (as evidenced by the fact that nuclear weapons were developed long before nuclear energy was harnessed for peaceful purposes). As for the Treaty on the Non-Proliferation of Nuclear Weapons, for which the Mexican government is largely credited, it essentially forbids member states from exchanging nuclear weapons, nuclear explosives, or information on nuclear weapons with member states that have not developed these weapons. However, it also has an exit clause which provides that countries have the right to withdraw from the treaty with three months' advance notice to all other member countries. If Mexico chose not to invoke this clause by telling the member states but instead just developed nuclear weapons on its own (which constitutes a breach of the treaty), the other signatories may have the legal remedies available to them under international law. In practice, unless Mexico actually used nuclear weapons against a member state, these remedies are somewhat limited, since development of the weapons alone does not cause damages to other member states. Nevertheless, being a party famous for defaulting its international commitments is usually a losing proposition (unless you happen to be the U.S.) Other countries could, for example, freely elect to limit their trade with Mexico because they fear Mexico will not honor its obligations. In particularly complex cases, signers of other treaties with Mexico could choose to 'denounce' the treaty and thereby freely elect not to honor it with respect to Mexico, again arguing that Mexico cannot be trusted to keep its word. This could have very relevant consequences for the Mexican economy. Notwithstanding the above, the political consequences of such a move so close to the USA are difficult to predict. Mexico can afford not to be nuclearly armed, since it is right next to the biggest nuclear stockpiler in the world, and a nuclear attack on Mexico is more than likely to have relevant consequences for the U.S.Arguably, this is why Mexico (peaceful wishes and good intentions aside) can afford to be one of the Treaty's main promoters.