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Development Economics Term Paper

… ¶ … Economics: Still Rolling: China's GDP Hits 8.7%

Still rolling… (Song Shengxia and An Baije, 2010) focuses on the state of the Chinese economy in a context in which 2009 was a difficult year for most global economies. China however managed to capitalize on its protectionist policies and its production and export capabilities and as such maintain a positive growth trend. Still, in their attempts to minimize the negative impact of the internationalized financial crisis, the Chinese banking sector granted more loans than normally, creating as such a risky situation of massive debt -- the very core of the current economic crisis. Aside increasing debt levels, future problems could also be posed by overproduction and incremental inflationary levels.

Yet, these are just potential threats,…. [read more]

Functionalism Is. What Advantage Term Paper

… According to this principle, two things are one and the same if there is no way of informing them to be separate. For instance, let x and y are two things, then they are indistinguishable if and only if any predicate possessed by x is also possessed by y and vice versa. Simply put, if an object appears like a duck, strolls like a duck, and quacks like a duck, and then it is a duck. (Identity of indiscernibles)

According to Leibniz's law, all the properties of A and B. should be same in order for them to be one and the same thing. On the other hand, A and B. cannot be one and the same thing if they have dissimilar properties. Also if…. [read more]

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