Originally posted by eljefejesusI was very specific in my questions, exactly to avoid the sort of hand waving that you attempt. Answer the four questions. If you get them correctly, I'll gladly answer yours. If you can't, then your bluff is exposed.
I've answered with my perspective with citations and relate it to the debate and you keep begging to stick to the homework.
Perhaps you can answer in my style the question I have for you. What were the causes of the 95 peso crisis in mexico including the factors that made the economy vulnerable? What reforms were taken and what were the factors cont , Hugo Chavez, is taking his country's economy towards vulnerability and why you defend it???
So. Answer the four questions:
1. What is the static inefficiency in this model?
2. What is the dynamic inefficiency?
3. What is (are) the action(s) the government can take to correct the problem in 1?
4. What is (are) the action(s) the government can take to correct the problem in 2?
Originally posted by zeeblebotI disagree. Denmark, Norway and Sweden comprise Scandinavia. Including Finland or Iceland or Greenland is kind of sloppy and inaccurate, albeit harmless. It's like people calling the U.K. "England".
Because of cultural, economic and linguistic similarities, Iceland in many contexts is also included in Scandinavia making it a Nordic country.
Originally posted by zeeblebot'Scandinavia' is just a word that people have traditionally applied to three specific countries.
see the map. also, denmark is not on the scandinavian peninsula.
Iceland's economy relied almost totally on finance; no wonder it went bust. This thread isn't about how great one or other country is, just about why a particular country is doing reasonably well at this particular point in time, in marked contrast to many others.
You might be interested to know that currently South Africa outranks Switzerland in terms of banking stability.
Originally posted by zeeblebotLet it go. FMF is right. The Scandinavian countries consist of Norway, Sweden and Denmark. Trust me I know, I live there.
see the map. also, denmark is not on the scandinavian peninsula.
The reason Iceland cannot be used as an example against the Scandinavian economic system isn't only it's not part of Scandinavia, but also the fact that Iceland followed a much more liberal system in which huge risk taking and overexpendiature was normal. That's why it's been nicked as "Gucci-capitalism".
EDIT: Spelling.
http://en.wikipedia.org/wiki/Scandinavia#Terminology_and_usage
Variations in usage
Worldwide, casual and unofficial use of the term "Scandinavia" is a common reference to Denmark, Norway, and Sweden, but also includes Finland, Iceland, and the Faroe Islands.[14][15] While the former occupancy of Finland and shifting rule of Norway may have made this usage efficient, if not convenient – even after Norway and Finland resumed their national independence – this usage appears to be no more grounded in respect for the nations themselves than the term "Orient" is as a reference to various nations in the Eastern Hemisphere or "Indian" is as a reference for various tribal nations in the Americas. The larger region that some English-speaking nations refer to as "Scandinavia" is officially known by the actual countries concerned as Norden, or the Nordic Countries,[5] a political entity as well as cultural region where the ties between the countries are not merely historical and cultural, but based on official membership in the Nordic Council. Some American-English dictionaries, such as Merriam-Webster Online Dictionary, do not include the names "Nordic Countries" or "Nordic Council". Merriam-Webster Online Dictionary instead defines Nordic as an adjective dated to 1898 with the meaning "of or relating to the Germanic peoples of northern Europe and especially of Scandinavia."[16]
Originally posted by zeeblebotSometimes also considered to be blah blah blah - - yep - by people like you. As I said, it's a harmless error on your part. It is the sort of factoid retained by people who've got it slightly wrong. Don't worry about it
http://www.merriam-webster.com/dictionary/scandinavia
1 peninsula N Europe occupied by Norway & Sweden
2 Denmark, Norway, Sweden —sometimes also considered to include Iceland, the Faeroe Islands, & Finland
Originally posted by zeeblebotIceland and the Faeroe Islands used to be Danish, and still receive financial aid. Finland was part of Sweden until 1809 when the Russians conquered it. Finland as country didn't exist until 1917. That's why they are sometimes included. Scandinavia is Norway, Sweden, and Denmark.
http://www.merriam-webster.com/dictionary/scandinavia
1 peninsula N Europe occupied by Norway & Sweden
2 Denmark, Norway, Sweden —sometimes also considered to include Iceland, the Faeroe Islands, & Finland
http://en.wikipedia.org/wiki/Scandinavia
6. ^ Hirsch, E.D. Jr.; Joseph F. Kett; James Trefil, Editors (2002). "Scandinavia". The New Dictionary of Cultural Literacy (Third ed.). http://www.bartleby.com/59/15/scandinavia.html. Retrieved on 2007-01-31. "The region in northern Europe containing Norway, Sweden, and Denmark and the peninsulas they occupy. Through cultural, historical, and political associations, Finland and Iceland are often considered part of Scandinavia.".
7. ^ "Scandinavia" (2005). The New Oxford American Dictionary, Second Edition. Ed. Erin McKean. Oxford University Press, ISBN 0-19-517077-6: "a cultural region consisting of the countries of Norway, Sweden, and Denmark and sometimes also of Iceland, Finland, and the Faroe Islands".
8. ^ Scandinavia (2001). The Columbia Encyclopedia, Sixth Edition. Retrieved January 31, 2007: "Scandinavia, region of N Europe. It consists of the kingdoms of Sweden, Norway, and Denmark; Finland and Iceland are usually considered part of Scandinavia."