The paper addresses the problem of corruption in Russia's political and economic systems after the break-up of the Soviet Union. The reasons behind the corruption are examined; opinions of political analysts are reviewed arguing that corruption is related to the level of democratic principles within the Russian system.
The paper examines the contribution of Adam Smith's theory to the economic and social science and present day economy. Smith's ideas are reviewed discussing the concepts of universal property, division of labour, social inequality, 'invisible hand', free market, etc.
The paper examines the growth of the nation state and democracy in Latin America assesses the effects of outside influences and the possible role they will play in the future. The focus of analysis is placed on the level to which the existence of natural reserves has inhibited the democratic progress because of widespread corruption in organisations.
The paper examines a decision-making tool known as Pareto principle ("80/20 Rule") and discussing whether the improvement in welfare of one or more individuals should necessarily adversely affect the welfare of others. Government actions to ensure equal distribution of resources are discussed with references to academic opinions on the welfare criterion.
The paper examines the reasons behind the failed attempts of eradicating poverty at a global scale discussing the rise of 'inclusive' liberalism and arguing whether the neo-liberal order can address the problem of poverty. The Poverty Reduction Strategy (PRS) is reviewed; its weaknesses in the developing countries are considered.
The paper examines economic pre-requisites of the political transition toward democracy in Latin America reviewing related academic literature and seeking to understand whether there exists a positive correlation between economic development and democracy. The history of the installation of authoritarian regimes in Argentina and Chile is discussed.
The paper examines Iran's policy towards not banning the promotion of free enterprises describing the political situation in the country, the liberalization of certain markets through the free trade of foreign companies, the situation around British American Tobacco (BAT) in Iran, etc.
The paper reviews an article related to the history of the North Korean nuclear issue arguing whether the country possesses nuclear weapons, discussing the results of the surveillance conducted by the International Atomic Energy Agency (IAEA) in North Korea, considering the country's declaration about their possession of nuclear arms, and highlighting the threat of the nuclear crisis.
The paper offers an overview of Keynesian economics describing its main features and tracing the development of Keynes' ideas by Milton Friedman.
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