Neo-Classical Economic Development of the US and Brazil

Neo-Classical development theory emphasizes that income distribution, outputs, and market prices are determined by forces of supply and demand. The principal aim of Neo-Classical Economics is to deliver efficient allocations of scarce resources. It also assumes that a person’s rationality facilitates them to maximize their utility or profit. The theory also stresses on reaching equilibrium. It elucidates how the interaction between consumers and businesses in a free market should wield an equilibrium supply and quantity. Although differently, both the US and Brazilian economies have embraced this development model.

The US and Brazil governments have strategized to accumulate capital through eliminating trade barriers and facilitating foreign direct investment. When capital is accumulated, distribution from low productivity zones to highly productive regions is enhanced. This move fulfils the utilitarian nature of the neoclassical model of development. It also boosts wealth creation hence increases the per capita GDP. Both the US and Brazil are capitalistic economies, with the US being a developed economy while Brazil an emerging one. Their rise in per capita GDP is a fundamental basis of the Human Development Index that is used to measure living conditions, which according to Neo-Classical theorists; it determines progress and success (Henning, 2008, p.1) .

Reliance on neoclassical development approach has had several negative implications on the economies of both countries. It has led to misleading signs of growth. For example, most statistics indicate higher output and improved living standards; however, they fail to address sustainability of the development (Henning, 2008, p.3) . Brazil and US economies emphasize the significance of free trade while they fail to advocate for the benefit of sustainable development through proper resource use. Increased foreign investment and rapid industrializations has caused serious environmental problems hence unsustainable development.

There Was an Old Woman She Had So Many Children She Didn’t Know What to Do

There Was an Old Woman She Had So Many Children She Didn’t Know What to Do

The author describes a family known as Vargas. This story is about a single woman who gave birth to numerous children. Unfortunately, for Vargas family, their father left them with no help with no explanatory note elaborating the reasons why he left. The financial constraints and difficulties of single parenthood forced Rosa Vargas not to raise her children well as they lacked basic commodities. As a result, her children were disrespectful and developed some obnoxious behaviors (Cisneros, 2013). With time, Rosa Vargas got tired of her crazy children. Her children’s bad behaviors culminated with her son Angel Vargas died when he tried to fly and jumped from a high place. 

Rosa is a victim of failed marriages because her husband left her with so many children (Cisneros, 2013). According to domestic laws, Rosa should have received child support from her husband. The author therefore, highlights the plight of Rosa to sensitize the challenges single divorced mothers face. In addition, this story also elaborates the effects of lack of proper parental care on children’s upbringing.

The story of Angel Vargas indicates how despite childhood difficulties, many children still have hope and dreams of accomplishing big things. For instance, Angel dreamt of flying because he watched the birds flying and he thought that he could do the same. However, these audacious dreams turned tragic when she died after falling from a high place. In essence, the writer who helped me when I asked if there is someone who can write my essay for me, states that the author elaborates the need of appropriate parental guidance necessary for the proper development and growth of a child (Cisneros, 2013).