Tags: political economy

Political ideology detrimental to economic system

Legal system of a country greatly influences the way business operates. Political and legal systems, to certain extent, determine the kind of economic system a country has and it governs the business activities. The government is the formal institutions and processes that are responsible for making and enforcing the collective decisions for society and the…

The vicious circle of politics and economy

Historically, politics and economy were one topic. Only recently they are being studied separately. Politics and economics have integral relations and it would not be plausible to assume the existence of one without another. Economic dimensions have impact on market and economic reforms, economic performance and system influence the benefits, cots and risk of doing…