Economics of Development

It is undisputable that economic progress involves painful adjustments especially with respect to concepts that are considered to be classical. Most of the classical concepts are replaced by contemporary concepts in a bid to attaining economic progress. For instance, old social institutions are disintegrated to form new ones while persons unable to keep to the pace must adjust to the specific requirements of economic progress.Advertising We will write a custom article sample on Economics of Development specifically for you for only $16.05 $11/page Learn More Economic progress aims at making the contemporary world and environment more favorable hence the need to get rid of the various classical concepts, ideologies, and institutions that never assisted in attaining the objective. However, most nations or economies find it difficult to enjoy benefits of economic progress since there are many communities unwilling to pay the full price of economic progress. Notably, the problems experienced after the World War II made many nations to wake up in a bid to carrying out specific developments in line with economic progress. This was as a result of the increased poverty during the period. Many nations after World War II became curious of the causes and possible techniques of alleviating poverty thus leading to economic progress or development. Development of a nation to achieve economic progress requires adherence to certain basic rules of statement defining various systems of attaining the same. Such systems should define the categories and relationships existing between various concepts of development in order to aid the economic progress process. For instance, the systems should be able to define hegemonic view of the world in terms of development consequently arousing various players in the global arena to take part in economic progress. It is noteworthy that all stakeholders taking part in economic progress should have the ability to a llow for transformation in economic, social, and cultural aspects of nations or economies. One main cultural force that has shaped significantly the worldwide economy is the discourse of development economics. Understanding discourse of development economics requires deep analysis of its emergence, building on the existing parameters, as well as the necessary conditions for its formation or occurrence. Moreover, economic progress benefits significantly from the corpus of rational techniques, which include planning, measuring and assessing techniques, professional knowledge, and institutional practices amongst others. In addition, economic progress may never be complete unless stakeholders focus on regimes of representation that are capable of underlying the construction of various processes and parameters. Examples of the parameters vital in this area include peasants, women, and the environment.Advertising Looking for article on business economics? Let's see if we can help yo u! Get your first paper with 15% OFF Learn More Links and relationships between representative powers at work with various economical institutions also play a significant role in economic progress. From these concepts, there is no doubt that economic progress is a process full of many requirements that must be attained at any given moment. In any case, every stakeholder involved in economic progress must be conscious of various parameters that make the process complete. Generating Discussion Questions From the ongoing discussion, the following questions arise: What was the link between post-World War II poverty and economic development? Post-World War II poverty led economic development and prosperity amongst different nations in the global perspective. During the post-World War II poverty, many nations engaged in developing better ways of having sufficient food to reduce the serious effects of the same. As a result, economists proposed various development methods in curb ing poverty. Hence, post-World War II poverty initiated the process of economic development in the global perspective. It has been close to three decades since the global economy started economic development or progress. During this period there are economies with developed status and others developing and underdeveloped status. What are the possible reasons as to the discrepancy yet economic progress started almost at the same time? Even though it has been long since the inception of economic development, there have been serious discrepancies amongst the global nations. One reason contributing significantly to such discrepancies in economic progress is political will. Whereas there are nations with positive political will that necessitates economic progress, some countries lack the same hence falling in the underdeveloped category. In addition, technological discrepancies have led to discrepancy in economic progress where underdeveloped countries unlike the developed ones have p oor technological infrastructure hence the difference in economic progress. What are some of the factors that have played significant roles in economic progress of the global arena? Some of the factors contributing to economic progress within the global perspective include technological advancements, infrastructural developments, governance, and the presence of political will amongst stakeholders involved. In addition, increase in knowledge and information has significantly contributed to economic progress within the global arena. Forecasting into the future, may be five decades from today, is there a possibility that there will be more economic progress or development? If so, how will the institutions then differ with the contemporary institutions, which have so far been considered to be economically developed? The global perspective keeps on changing despite the belief that it is about to reach the economic stretch. Therefore, there is a possibility that there will be more eco nomic progress in future that it is in the contemporary world. Such economic progress will result into more advanced institutions that employ technology greatly as opposed to the contemporary institutions.Advertising We will write a custom article sample on Economics of Development specifically for you for only $16.05 $11/page Learn More This article on Economics of Development was written and submitted by user Journey E. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Amount of Hours Required to Pass the Bar Exam

The Amount of Hours Required to Pass the Bar Exam When you sit down to study for the bar exam, it is likely you will get a bunch of feedback from other law students and friends as to how much you are supposed to study for the exam.  I have heard it all! When I was studying for the bar exam, I remember people proudly claiming they were studying twelve hours a day, leaving the library only because it closed. I remember folks being shocked when I told them I was taking Sundays off. How was that possible? There was no way I was going to pass! Shocking news: I passed- only studying until about 6:30 p.m. in the evenings and taking Sundays off. How much you need to study for the bar exam is a critical question. I have seen people understudy and fail, for sure. But I have also seen people over-study for the exam. I know, hard to believe, right? Over-Studying and Burnout Can Cause You as Many Problems as Under-Studying When you over-study for the bar exam, you are likely going to burn out quickly. You need adequate time to rest and recover when you are studying for the bar. Studying every waking hour of every day is going to lead you down the road of not being able to focus, being overly exhausted, and just not being a productive studier. For most of us, we cannot productively study that many hours a day. We need breaks to rest and rejuvenate ourselves. We need to get away from the desk and the computer and move our bodies. We need to eat healthy food. These things all help us do better on the bar exam, but they can’t be done if you are studying twenty-four hours a day, seven days a week (okay, I know that is an exaggeration, but you get what I mean). So How Do You Know How Much to Study? Perhaps it is easy to tell if you might be over-studying, but how can you tell if you are studying enough? This is a very personal decision, one that takes a lot of reflection on the process. I think a good first parameter is that you need to study about 40 to 50 hours a week. Treat the bar exam like a full-time job. Now that means you need to actually study 40 to 50 hours a week. That doesn’t count hours that you are chatting with friends in the library or driving to and from campus. If you aren’t sure what 40 to 50 hours a week of work really feels like, try tracking your time (since you will have to do that at your future law job anyway!). What you may find when you do this exercise is that you aren’t actually studying as many hours as you thought you were. That doesn’t mean you add more study hours; that means that you need to be more efficient with your study time. How can you maximize the number of hours you are on campus working? And how can you maintain focus during those hours? These are all critical questions to get the most out of your days. What If I Can Only Study Part Time? How Many Hours Do I Need to Study Then? Studying part time is a challenge, but it can be done. I encourage anyone studying part time to study at least 20 hours a week and study for a longer preparation period than the typical bar prep cycle. If you are studying for the bar for the first time, you may need to think carefully about making enough time to review the substantive law and also to practice. You may find yourself eating up all of your limited study time by just listening to lectures. But unless you are an auditory learner, listening to lectures isn’t going to get you very far, unfortunately. So be smart about which lectures you listen to (just the ones you think will be most helpful). If you are a repeat taker, best to leave those video lectures alone when you have only limited time to study. Instead, focus on active learning of the law and practice. It is possible that not knowing enough law was the reason you failed, but it is also likely that you failed because you didn’t practice enough or didn’t know how to execute the bar questions in the best possible way. Figure out what went wrong and then develop a study plan that will allow you to get the most out of your study time. Remember that it isn’t really about how much you study, but the quality of the study time you put in.