Markets & Democracy

SOSC 1520 9.0 Markets & Democracy

Instructions/Descriptions

SOSC 1520 9.0 Markets & Democracy

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SOSC 1520 9.0 Markets & Democracy

Assignment 5: reading questions

Reading: Ian Bremmer (2009). “State capitalism comes of age: the end of the free market?” Foreign Affairs 88 (3), pp. 40-55.

Weight: 5% of course grade

Due date: Friday, 29th October

Instructions:

– answer each of the following questions as clearly and concisely as you can;

– do not write anything which is not relevant to the question;

– keep within the word limit given in brackets after each question;

– make sure that you write in full and grammatically correct sentences;

– each question refers to a particular part of one of the readings, so give citations to the chapter for each answer. You do this by providing a citation, e.g. (Bremmer 2009, p. 42), if you are referring to material on page 42 of Bremmer’s text.

1) What are sovereign wealth funds (SWFs) and what role do they play in state capitalism? (2 mark) (Word limit: 50)

2) In which respects is state capitalism likely to be an inefficient economic system? (3 marks) (100 words)

SOSC 1520 9.0 Markets & Democracy

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