Political Science: Response Paper Analyzing Market and State Issues

This response paper examines several resources to understand the interplay between economic and political factors. It begins by analyzing "The Self-Regulating Market and the Fictitious Commodities: Labor, Land, and Money," discussing the modern market concept and its attributes, emphasizing the importance of markets in economic life, the rationality of markets, and the role of capital and human resources. The paper then explores "Comparative Politics," highlighting the connections between economic factors and political pragmatism. The third resource, "State Formation and the Origins of Developmental States in South Korea and Indonesia," focuses on political concepts and the historical origins of developmental states, comparing state patterns in these countries and emphasizing the role of industrial policies. The fourth resource, "Evolution of the Market Pattern," addresses the challenges faced by companies and countries in establishing proper market structures. The paper concludes by emphasizing the significance of capitalist market growth and its connections to political scenarios for overall national development.

Running head: POLITICAL SCIENCE
Political Science
Name of the Student
Name of the University
Author Note

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The following is the response paper through which some resources will be analyzed for
the understanding of the readers. The probable factors for the response paper are the various
issues like the evolution of the market pattern in the capitalist scenario, the nature of
developmental states, political issues and different perceptions regarding it, the conflicts between
labor, land, money and many other issues in the society. All these factors will be discussed in
this response paper to find out their similarities and differences and main sections to understand
the issues in the society. These issues have been prevalent and people should understand the
significance of these matters.
In the first resource named The Self-Regulating Market and the Fictitious Commodities:
Labor, Land, and Money, the modern concept of the market has been discussed and its various
attributes have been highlighted. The main stress has been put on the importance of the markets
in the economic life of the society. The rationality of the markets has paved the conditions for the
better solutions to the issues that have developed under the current mercantile system. The stock
of capital is believed to be one of the most crucial aspects of their business services in the recent
era. The human capital and natural resources are the most precious things for the services of the
several businesses because the common people must be benefitted by all these business standards
all over the world. The income rates must be equal in terms of the stock sales and its issues
regarding the availability of the human capital. Various new kinds of human capital would be
innovated through these measures and people would be able to get the overall benefits. The
natural resources could also be utilized also.
Here the meaning of the self regulation implies to the fact that the overall production
should be utilized for the sales and the profitability will be measured on the basis of these sales
figures. Arguably, this kind of capitalist structure has provided several positive outcomes for the

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development of the market properly (Vu, 2007). The wages of the labors must be distributed
properly and this is the only mode of balancing between the production and the distribution of
money across all the regions. The prices of the commodities must be managed according to the
demands of the products and the ways of supplying it to the distributors.
In the book Comparative Politics, the concept of pragmatism in the global politics has
been discussed. It has many close connections with the economic factors that provide a kind of
similarity with the previous resource. The political and economic issues always help the situation
to sum up better and shows the ways for the developments in the new world. It has also been
showed that the casual claims made regarding the politics and ethnicity must be considered due
to the unavoidable economic circumstances.
However, both these resources have focused on the economy and suggested the ways in
which the capitalist market system can assist in building up a safe future for all the people in the
world. The views on political economy by Max Webber have been put through properly (Vu,
2007). All these issues put forth by the historian can be relevant in answering the struggling
situations in the global politics. Some intersecting modes have been developed in this system so
the investigations can be carried forward (Hall & Soskice, 2001). The difference between these
two resources lies in the fact that this book has been illustrated on the political factors regarding
economy but the other has focused on core economic systems of the mercantile systems.
The third resource to be discussed here also discusses on the political spheres of the
developmental states and the name of this resource is “State Formation and the Origins of
Developmental States in South Korea and Indonesia” It is basically focused on core political
concepts and the historical origins of the various developmental states in the world and

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especially in Asia like Indonesia and South Korea (Lichbach & Zuckerman, 2009). In this article,
the state patterns of the countries South Korea and Indonesia have been compared. The
implementation of the industrial policies is the basis for building up the developmental states.
Thus, it is quite clear that the concept of economy is very well associated with political
structures in different nations. These policies will determine the role of the states to build up the
proper developmental states. Thus, the situation of the countries can improve within a very short
time also. Two of the most crucial factors behind the success of these states as the developmental
states are to build up their developmental structures (Lichbach & Zuckerman, 2009). In this
context, the governments should also play the developmental roles also. Therefore, this article
has also dealt with both the political and economic aspects. It is quite sure that both these things
have played the most crucial role in designing the countries properly.
The fourth resource that can be found in this discussion is the Evolution of the Market
Pattern. This resource has dealt with the challenges that have been faced by the companies and
several countries to present a proper market structure (Polanyi, 2005). The patterns of the market
would later bring out the better strategies for the countries to dominate the economic world.
Therefore, it is quite clear fro, the provided resources that most of them have dealt with the
concept of the economic factors in the countries all over the world (Hall & Soskice, 2001).
The changes in the economic history are most crucial factors behind the evolution of the
market patterns in different countries. Various countries have provided some blueprints that
would be helpful for the organizations to invest in the economic growth. The capital stock is also
one such perspective through which the natural resources could be developed and technological
patterns would be highly improved in different ways (Polanyi, 2005). Therefore, the

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developments of the countries would be made faster. Countries will face several political
challenges in this scenario indeed. Thus, the organizations have to collaborate with the
governments to manage the political economy correctly (North, 1981).
In the concluding note, it could be said that then provided resources are more or less in
their approach to the economy and fixing the approach through which the global developments in
the economy can be found. The growth of the capitalist markets and its connections with the
political scenario must be kept under notice. Otherwise, it will be very difficult to take the proper
economic approach for the overall development of the nations through creating the
developmental structures. The core political factors in Comparative Politics are somewhat
different from the other texts in terms of its focus on the political issues.

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References
Hall, P. A., & Soskice, D. (2001). An introduction to varieties of capitalism. op. cit, 21-27.
Hall, P. A., & Soskice, D. (2001). The institutional foundations of comparative
advantage. Varieties of Capitalism.
Lichbach, M. I., & Zuckerman, A. S. (2009). Comparative politics: rationality, culture, and
structure. Cambridge University Press.
North, D. C. (1981). Structure and change in economic history. Norton.
Polanyi, K. (2005). 4 The self-regulating market and the fictitious commodities. The Global
Resistance Reader, 48.
Vu, T. (2007). State formation and the origins of developmental states in South Korea and
Indonesia. Studies in comparative international development, 41(4), 27-56.