Essays on Socialist Economy

Socialism as an ideology has a long history. The first mentions originate from the works of ancient Greek philosopher Plato. Then it will be recalled about the famous writings of the early Communist utopian Thomas More (1478-1535) and Tommaso Campanella. Marxism-Leninism is more late and the well-known ideology. One of the latest theories is the "Socialism of the XXI century", was introduced by Heinz Dieterich. All existing socialist doctrines have significant differences, but also the general principles such as social justice, freedom and equality. "Pure" form of the Socialist Economy does not exist at the moment, because it is ...

While financial crises have been present for many years such as the Great Depression in and the 2008 financial crisis surprised many. The difficulties and struggle in the mortgage market in the United States had moved up to larger financial markets and later the economy. This financial crisis in 2008 that ensued the global recession until 2012 had changed the way the economy is viewed globally. The crisis had made global economy spiral down. The prices of commodities were constantly changing in an unpredictable ways which had frozen consumers. Secondly, due to the uncertainty in prices of commodities, there ...

Myanmar economy has been among the least developed in the world after suffering decades of stagnation due to isolation and mismanagement. One of the most prevalent conditions that have prevented the growth of the country from successful economic development has been the lack of industrial development. The main cause of stagnation in economic development has been the centrally managed economy. The centrally managed economy was an inward looking system of government where all projects were led by the government. Rapid industrialization is an agent of change and rapid economic growth in the current modern world (Kudo). This has been ...