Inflation in Small Countries for Advanced Studies- myassignmenthelp

Question: Discuss about theInflation in Small Countries for Advanced Studies. Answer: Concept map Discussion The ideas of small autonomous units being more effective than having large units is more compiling than that of having a large units. From the discussions in the article,the argument on the need for freedom and order in all the activities undertaken is very compelling.Freedom is very important for small units to operate without depending on each other and to achieve optimal productivity. When action is needed,it is very important to have small units. Small units are important in this case since personal motivation and drive is necessary to optimize production(Elgin Schneider, 2016). When people are operating in small units,they are more motivated since there s greater responsibility on each one of them. This argument also recognizes the indivisibility of peace and ecology. The author therefore argues that all men are brothers but we can only treat few people like brother due to individual factors.The argument emphasizes the need of structure in everything in the world. The author il lustrates by explaining that before the advent of transport and communication,people were still mobile but there was a good structure to define and control the movement of the people and hence there was sanity in all national frontiers. Economics in small countries works better than in large countries. This is because,the country is able to implement the policies more easily. In a small country,the challenges that the country faces economically can be easily identified and hence resolved fast(Becker, 2011). Destructive effects have a greater effect on large economies compared to small economies. Frontiers reduce structure and it is easier to cross a frontier and move from their native land and try to settle in another land. The problem of economies of scale is not experienced in small nations since the viability of nations is not important as the viability of people. When individual persons are ready to wake up and earn their living,they become viable and therefore a small state doe s not need to have a huge population so as to enjoy economies of scale. I do not find the argument of giantism or large nations viable.The first reason is that there is evidence that larger nations are less wealthy compared to smaller nations. Bigger nations have a greater burden than smaller nations since there tends to be pressure on natural resources. People may migrate from rural areas to the urban areas due to advancement of communication and infrastructure(Frisch, 2016).Large nations also experience the problem of managing their resources and governance and this has brought about regionalism. Large nations are dividing themselves into smaller units which function on their own. This is an indication that small is better than large. I therefore found the argument of small being better than large to be more compelling than the argument that large is better than small. References Becker, U. (2011). The changing political economies of small West European countries. Amsterdam: Amsterdam University Press. Elgin, C., Schneider, F. (2016). Shadow Economies in OECD Countries: DGE vs. MIMIC Approaches. Bogazici Journal, 30(1), 51-75. https://dx.doi.org/10.21773/boun.30.1.3 Frisch, H. (2016). Inflation in Small Countries: Proceedings of an International Conference Held at the Institute for Advanced Studies Vienna, November 1974. Berlin, Heidelberg: Springer Berlin Heidelberg.