Description
Create a PowerPoint presentation of 12-15 slides (not including the title and reference slides) discussing the future of the Public sector of the Economy. Include the following:
- Explain economist Paul North’s institutional theory as a model for economic reform.
- Discuss how institutions promote growth based on Douglass North’s theory.
- Discuss how institutions such as the rule of law, competitive markets, stable money and prices, and regulation are sources of economic growth.
- Looking forward, which institutions or polices do you think will promote economic growth in the future?
- How will economic inequality and poverty challenge economic growth in the future?
Be sure to include graphs, charts and other visuals in your presentation that will enhance your analysis. Include slide notes containing explanations and rationale. Must include introduction and conclusion slide.
Be sure to cite three to five relevant scholarly sources in support of your content. Use only scholarly sources found in the GCU Library or those provided in Topic Materials.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
While APA Style format is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
Explanation & Answer
Hi,Find attached the completed work.Feel free to ask for any clarification or editing if need be.Looking forward to working with you in the future.Thank you.
Future of the Public Sector of
the Economy
Student’s Name
Professor’s Name
Course Title
Date
Introduction
Public sector usually provides government services.
It usually interacts with our day to day lives
Shows the influence of the government in the economy
Usually provide a platform for the government to control
the economy
Activities that influence economy includes regulation
and taxes
Institutional Theory by Douglass
North
Douglass North was a member of the New
Institutional Economics (NIE) label
Focused on the role of institutions in the
economy
Involved several stages
(a)
Approach North took on institutions
(b) Examination of the theory of institutions
(c)
Evaluation of the role of law
Institutional Theory by Douglass
North
Institutional theory involves secure property rights and
appropriate commitment
Can be defined as rules and devised ...
