Economic Laws

Prepare a 2 page paper using APA format discussing problem.Be as specific as possible. (PLEASE SEE BELOW)

“Many social scientists say that poorer Third World countries shoud reject “models based on economic laws” of universal validity. According to them, there are no universal laws. Do you agree? What laws discussed in this chapter would not apply to poorer nations? Sholuld every nation be democratic and free? Which universal human rights should no government or citizen violate? The right of free speech, religious conscience, a fair trial? Should property rights be enforced everywhere? Is so, how?”

Are poor countries somehow “different” than wealthy countries?

How can firms and markets increase the wealth of poor countries? Be sure to address each question in the problem.

You may include a discussion of some of the Ten Principles of Economics in your paper.

Your paper should reflect scholarly writing and current APA standards. Please include citations to support your ideas.



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