Mega: Make Economics Great Again - Case Study - Economics Assignment Help

Assignment Task:

Task:

A woman hears from her doctor that she has only half a year to live.
The doctor advises her to marry an economist and move to South Dakota.
WOMAN: “Will this cure my illness?”
DOCTOR: “No, but the half year will seem pretty long.”
WE LIVE IN AN AGE of growing polarization. From Hungary to India, from the Philippines to the United States, from the United Kingdom to Brazil, from Indonesia to Italy, the public conversation between the left and the right has turned more and more into a high-decibel slanging match, where harsh words, used wantonly, leave very little scope for backtracking. In the United States, where we live and work, split-ticket voting is at its lowest on record.1 Eighty-one percent of those who identify with one party have a negative opinion of the other party.2 Sixty-one percent of Democrats say they view Republicans as racists, sexists, or bigots. Fifty-four percent of Republicans call Democrats spiteful. A third of all Americans would be disappointed if a close family member married someone from the other side.3

In France and India, the two other countries where we spend a lot of time, the rise of the political right is discussed, in the liberal, “enlightened” elite world we inhabit, in increasingly millenarian terms. There is a clear feeling that civilization as we know it, based on democracy and debate, is under threat.

CHAPTER 2

FROM THE MOUTH OF THE SHARK

MIGRATION IS BIG NEWS, big enough to drive the politics of much of Europe and the United States. Between President Donald Trump’s imaginary but enormously consequential hordes of murderous Mexican migrants and the anti-foreigner rhetoric of the Alternative for Germany, the French Rassemblement National, and the Brexit crew, not to mention the ruling parties in Italy, Hungary, and Slovakia, it may be the single most influential political issue in the world’s richest countries. Even politicians from the mainstream European parties are struggling to reconcile the liberal traditions they want to uphold with the threat they see across their shores. It is less visible in the developing world, but the fights over Zimbabwean refugees in South Africa, the Rohingya crisis in Bangladesh, and the citizenship bill in Assam, India, have been equally frightening for those who are its targets. Why the panic? The fraction of international migrants in the world population in 2017 was roughly what it was in 1960 or in 1990: 3 percent.1 The European Union (EU) on average gets between 1.5 million and 2.5 million non-EU migrants every year from the rest of the world. Two and a half million is less than one half of one percent of the EU population. Most of these are legal migrants, people with job offers, or those who arrive to join their families. There was an unusual influx of refugees in 2015 and 2016, but by 2018 the number of asylum seekers to the EU was back to 638,000, and only 38 percent of the requests were granted.2 This represents about one for every twenty-five hundred EU residents. That’s it. Hardly a deluge.

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