PSCI FInal Print

PSCI FInal Print - 29/04/2011 09:10:00 ************* PRINT...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 29/04/2011 09:10:00 ************* PRINT OFF CURRENT EVENTS ************* bring blue book/ outline consider the other side of the argument 1 essay question & 5 current events Natural Resources 1) Taxed vs. Untaxed Incomes: Taxed - Government earns income and spending through taxes, from the public consumption, wealth, and employment. With a taxed income a government has more of the incentive to put the money back into public goods (health & education), creates consumer confidence and a healthy economy. Untaxed - government receives money from natural resources, loans, and foreign aid. This money becomes an excessive amount of disposable income, which is usually spent on either private goods or the military. The public however is usually left out in this kind of economy. The government has no incentive to be accountable, the "pot of money" the government has does not come from the public, much less of an incentive to give back to the public. Depending on where a governments income comes from, the public or from resources and aid, they will have a different opinion on public welfare and public goods spending. wealth is more immediate dependant on resources/aid/loans relative deprivation people do not think they are getting what they could be getting when they compare to other countries side affect of untaxed economy is the Dutch disease typically accessible and immobile resources 2) Disposable income- Amount of money a government has for spending after income taxes. Military, private goods, public goods. 3) Untaxed Income - Accessibility & Mobility * why is some untaxed income more dangerous than others? : Mobile Immobile Access (for rebels) Alluvial Diamonds (Sierra Leone) (most dangerous place to be- high value, light weight goods) No Access (for rebels) Foreign aid (safest from the government perspective) Oil, Offshore Refineries, primary diamonds that you have to dig for, aluminum ore If youre a rebel, can you count on the good in the future? Yes if its immobile, no if its mobile because, for example, foreign aid can be retracted Unstable Untaxed income economies - creates less consumption, no public goods, weak economies, commodity price shocks, not much diversification, economic fractionalization. Stable untaxed income economies since the people arent taxed, they dont care and they are less susceptible to shocks in the economy 4) Dutch Disease - When a state starts to make large exports of one natural...
View Full Document

This note was uploaded on 10/03/2011 for the course PSCI 3082 taught by Professor Staff during the Spring '11 term at Colorado.

Page1 / 17

PSCI FInal Print - 29/04/2011 09:10:00 ************* PRINT...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online