Assignment:
Please complete a 5-10 essay response for any one of the following topics.
Q 1. What is Socialism? Has it proved itself a feasible economic and political system in both the past and present? Argue and explain. Are present day Social Democratic countries success stories regarding a commendable quality of life as well as strong economic input and output? Explain and give examples.
Q 2. What is Marxism? How is it similar as well as different from Socialism? Illustrate and explain the effects of Marxism worldwide in both the past and present.
Q 3. How and why is California important to both the U.S. and global economies? Explain the strengths and weaknesses of the said American state's economic, political, and social systems.
Q 4. Who was Joseph Schumpeter? What did he believe? How has his philosophy influenced modern day political economy? Explain.
Q 5. What is Globalisation? Is it positive, negative or a bit of both for the world economy? Argue and defend your point.