danny_maribaolesson 9-economic-institutions
TRANSCRIPT
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ECONOMIC INSTITUTIONS
DANILO F. MARIBAOPALIPARAN III SENIOR HIGH SCHOOL
DASMARINAS CITY, CAVITE
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Economic Institutions• A company or an organization that
deals with money or with managing the distribution of money, goods, and services in an economy.
• Examples are banks, government organizations, and investment funds
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Reciprocity• In social psychology, reciprocity is a
social rule that says people should repay, in kind, what another person has provided for them; that is, people give back (reciprocate) the kind of treatment they have received from another.
• By virtue of the rule of reciprocity, people are obligated to repay favors, gifts, invitations, etc. in the future.
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• This sense of future obligation associated with reciprocity makes it possible to build continuing relationships and exchanges.
• Reciprocal actions of this nature are important to social psychology as they can help explain the maintenance of social norms.
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Transfer• 1. Banking: Moving funds among two
or more accounts held by the same or different entities.
• 2. Real estate: Conveyance of title to a property from the seller to the buyer through a deed of transfer, following payment of the price.
•
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Transfer• 3. Securities trading: Delivery of a
stock (share) certificate by the seller's broker to the buyer's broker followed by conveyance of the title by recording the change in the stock (share) register.
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Redistribution• In Economics
the theory, policy, or practice of lessening or reducing inequalities
in income for example through such measures like progressive taxation and anti poverty programs.
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Market Transactions• The exchange of goods and services
through a market. The set of market transactions taking place in the economy is most important in terms of measuring gross domestic product (GDP).
• Market transactions provide the basic data used at the Bureau of Economic Analysis to begin the estimation of GDP.
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Market Transactions• However, these data don't just want to
measure market transactions, their goal is to measure economic production.
• As such, they eliminate some market transactions that do not involve economic production,
• then add economic production that do not involve market transactions.
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State-market relations • call for a holistic view of the
relationship between the material and relational dynamics of society,
• on the one hand, and between these dynamics and institutional dynamics on the other.
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State-market relations • the state contains mechanisms that
are essential to the existence of markets themselves, and these mechanisms are not “natural” given.
• Economies are actually institutional production systems wherein the material density of the state both as organization and administration is of relevance.
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Non-state Institutions• These are institutions that are
not controlled by the government or by the State.
• Examples are banks, corporations, private institutions
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Trade Unions• It refers to a voluntary association
of either employees or employer or independent workers to protect their interest and becomes an instrument of defense against exploitation and maltreatment.
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Cooperatives• Firm owned, controlled, and operated
by a group of users for their own benefit.
• Each member contributes equity capital, and shares in the control of the firm on the basis of one-member, one-vote principle (and not in proportion to his or her equity contribution).
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Transnational Advocacy Groups• They are free flowing and open
relationships among knowledgeable and committed actors (individuals and organizations).
• international organizations such as the UN, and actors from the corporate/business world.
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Transnational Advocacy Groups
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Transnational Advocacy Groups
• These networks are united by a commitment to some practical, usually "trans-sovereign" issue (an issue that transcends across multiple countries)
• ex: women's representation, environmental sustainability, human rights, etc.
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Development Agencies
• These are local or international groups committed to pursuing specific developmental agendas of the state.
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Examples of Development agencies
• African Development Bank (AfDB)• Development Bank of Latin America (CAF)• Asian Development Bank (ADB)• Caribbean Development Bank (CDB)• European Bank for Reconstruction and De
velopment (EBRD
• Inter-American Development Bank (IADB)• International Bank for Reconstruction and
Development (IBRD; part of the World Bank Group)
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International Organizations
• These are groups that promote voluntary cooperation among its members.