Economic Policies And Regulations
Economics plays a big part in the formulation of economic policies of countries. It also all depends on the current economic thinking prevailing at a particular time. These policies all follow a certain pattern that reflects the views and beliefs of economists who form a nation’s economic team that advises its president on matters like international trade, free and fair trade regulations, monetary policies and the like. It is often worth noting that economists are also subject to the influence of what is in vogue in their time not unlike fashion designers. So one will find that often discredited theories are brought back to life by eminent economists who promote it based on new viewpoints and theories they have painstaking developed. An example is economics geography which saw resurgence after decades of neglect because it has an imminent proponent like Paul Krugman.
talking about the economic policies and rules