StudentShare solutions
Triangle menu
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
  • Home
  • Subjects
  • Sociology
  • Describe the economic and political systems of three countries on three different continents in the 20th Century

Describe the economic and political systems of three countries on three different continents in the 20th Century - Essay Example

Extract of sample
Describe the economic and political systems of three countries on three different continents in the 20th Century

apan (North and South Korea) was divided into two parts, South Korea, which was influenced by the U.S and North Korea, which was influenced by the USSR. In essence, South Korea adopted capitalism and democracy while North Korea adopted a communistic economic system and authoritarian political system.
According to Maria, South Koreans enjoy a better living standard than their counterparts in the North due to the different political and economic changes adopted by their respective governments in the mid-20th Century. The newly independent South Korean government heavily relied on political institutions managed by Syngman Rhee, who was supported by the U.S government. However, by 1948, when the first election was held in South Korea, the state was not democratic. In fact, both Syngman Rhee and his immediate successor, Gen. Chung-Hee, adopted authoritarian systems of government but implemented economic system based on the forces of demand and supply. The economic institutions recognized and protected private ownership of land, which is a core principle for any successful market economy (Maria, 2003).
Acemoglu et al is of the opinion that the government of Gen. Chung-Hee is credited for the economic prosperity of South Korea, which was achieved by adopting an economic system based on aiding profitable sectors of the economy (firms) with credit and subsidies to facilitate rapid economic growth and development. In addition, the facilitation of private ownership of land ensured the development of the economy thorough innovation and technological advancements, which are key ingredients of a successful market economy. To foster even greater economic growth, the government encouraged trade, exports, foreign direct investments, transfer of technology and industrialisation, by setting up favorable economic conditions. Policies that promoted investment in education were also adopted, which led to the achievement of high literacy levels for the entire population, thus enhancing ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Describe the economic and political systems of three countries on Essay”, n.d.)
Retrieved from https://studentshare.net/sociology/775738-describe-the-economic-and-political-systems-of-three-countries-on-three-different-continents-in-the-20th-century
(Describe the Economic and Political Systems of Three Countries on Essay)
https://studentshare.net/sociology/775738-describe-the-economic-and-political-systems-of-three-countries-on-three-different-continents-in-the-20th-century.
“Describe the Economic and Political Systems of Three Countries on Essay”, n.d. https://studentshare.net/sociology/775738-describe-the-economic-and-political-systems-of-three-countries-on-three-different-continents-in-the-20th-century.
  • Cited: 0 times

Summary

However, at the turn of the 20th Century, the country was not as prosperous as it is today and it is only after the adoption of some key economic and political…
Author : durganvito
Download 1
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Describe the economic and political systems of three countries on three different continents in the 20th Century"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Three Different Type of Family
I was feeling very lethargic and couldn’t help sleeping long in the morning. My mother splashed a glass of water over my face to wake me up. It was 10:00 in the morning. I was flabbergasted. I never knew when the alarm clock rang. I got dressed up in just two minutes, thrust a toast in my mouth, grabbed the car-keys and slid into the car.
3 pages (750 words) Essay
Three different artists as examples
This art form may include crafts, paintings, photography, and pottery. It is not a rigid form of art as it entails other forms of art like graphic design, fashion designing, and interior designing, which are all forms of applied arts. For instance, the society we live in relates its structures to thought and ideas.
5 pages (1250 words) Essay
The Relationship between Poverty, Governance and Development and an Analysis of the Strategies used by Key Actors in Dealing with these Three Variables
Globalisation has been supported by global partnerships and improved systems of cooperation amongst nations. It is obvious that governance in nations have changed and there are communities affected by global governance and standardisation now than ever.
9 pages (2250 words) Essay
Describe the Economic background of TESCO. Identify three problems and propose three solutions
Tescos enormous share is still growing: by September 2004, it had increased to a massive 28%, around 12% more than its nearest market rival, Asda. If we include Tescos share of the
6 pages (1500 words) Essay
Describe the economic background of British Airways. Identify three probelms and propose three solutions
British Airways prides itself on the understanding that there is no separation between economic, environmental and social contribution; British Airways understands the relevance of all three as one. However stimulating
6 pages (1500 words) Essay
Three Different Commercials
My colleagues have a high regard for my abilities and could therefore vouch for my reputation. You will find I am confident, articulate and detail oriented law
2 pages (500 words) Essay
Chinese economic systems before and after 20th century
Though it produced 33% of the world’s GDP in the early 18th century, it fell behind Europe and the US on account of its reluctance to follow them in their industrial revolutions in the early 19th century. Under the Qing dynasty, the country became the world’s largest
5 pages (1250 words) Essay
18th-20th Century the growth of the three ideologies
One part of the world subscribed to western democratic politics while the second part featured societies or nations that believed in and
3 pages (750 words) Essay
Describe three commonalities
All students have the potential to learn and develop academically. However, educators have the mandate to facilitate the success of students by assisting them in setting achievable expectations (Conceptual Framework, 2015). Special educators
1 pages (250 words) Essay
Describe at least three different ways in which ethnography as a research methodology and
The concept of ethnography is analyzed in terms of three societal applications. These applications are; women in African political environments, early marriages of girls in the African setup, and women representation
4 pages (1000 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Describe the economic and political systems of three countries on three different continents in the 20th Century for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us