Global issues Assignment Example | Topics and Well Written Essays - 250 words

Global issues - Assignment ExampleIt had proved to be rather tenable, when used partially, as it was in the post-war Britain, where reverend nature of private property and private enterprises were combined with nationalized industries in other words, in the mixed economy.Keynes purpose, to the contrary, was to subject economy to the organisational central planning. His position implied that the government should take control over the key industrial and economy sectors, regulating them particularly, via price control. However, this purpose wasnt achieved to the full extent, as the ideas began to collapse with growth of inflation, unemployment, meagerness and extreme forms of governmental control totalitarian, like in Nazis Germany posing a threat to democracy. His theory had proved to be efficient for wartime but ineffective in the time of peace. However, Keynes remained among the most influential economists of the 20th century.The term Commanding Heights was first mentioned in the speech pronounced by Lenin regarding the key sectors of economy that should be run by the government. To my thinking, governments should own commanding heights only partially to avoid excessive control over economy. There is a huge addition in the global economy, which is absence of boundaries in mutual help, and this is illustrated by operation of numerous international economic organizations like International Monetary Fund. However, there should be quiet be at least partial control over the national economies to prevent negative side effects of globalization therefore, mixed economy seems the most tenable