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Topic: Traditional economy

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In the News (Wed 17 Jul 19)

  Traditional economy - Wikipedia, the free encyclopedia
A traditional economy is an economic system in which decisions such as the who, how, what, and for whom questions are all made on the basis of customs, beliefs, religion, habit, etc.
However, it restricts individual initiative and has a lack of advanced goods, new technology, and economic growth.
The Traditional Economic system is used by African tribes and was used by Native Americans.
en.wikipedia.org /wiki/Traditional_economy   (156 words)

 Economic system - Wikipedia, the free encyclopedia
There is often a strong correlation between certain ideologies, political systems and certain economic systems (for example, consider the meanings of the term "communism").
Planned economy (the basis for several "left-wing" systems, such as socialism).
Traditional economy (a generic term for the oldest and traditional economic systems)
en.wikipedia.org /wiki/Economic_system   (488 words)

 Eesti Rahva Muuseum
Traditional economic activities and the utilisation of natural resources are the most important factors, supporting cultural independence and ethnic entirety among the indigenous peoples of the North.
Such territorial organisation for the traditional use of nature was conceived for the protection of the ancient life environment of the indigenous peoples of the North, for the maintenance and revival of traditional ways of life and spiritual culture of the indigenous peoples of the North.
Traditional branches of the economy were organised differently — planes were used for taking people on fishing expeditions, hunters were sent to hunting lands for a long period of time.
www.erm.ee /?node=193   (2579 words)

 Free-Essays.us - Market Economy Vs. Command Economy
Thus while the concept of an economy is not fixed but arbitrary, and may have strayed rather far from the management of household resources, it is nonetheless spoken of in official circles as if there were genuine agreement (sometimes almost as if it were tangible, as we must get the economy back on track).
Traditionally, three models of an economy have been used: the traditional or feudal, the command economy (where the state determines resource decisions) and the market economy which is the model in use in USA and in most industrialized Western countries.
Traditional Economy In a traditional economy, goods and services are produced by a family for their personal consumption.
www.free-essays.us /dbase/b5/lvt224.shtml   (2549 words)

 [No title]
The new traditional economy is one in which economic decision making is once again embedded to some extent within a broader socio-cultural framework, but which uses, or seeks to use, modern technology, to be an advanced modern economy.
The usual basis for such an embedding is a traditional religion and the appearance of a new traditional economy is usually associated with the imposition upon a modern or modernizing economy and society of a traditional religion by a religiously based political movement.
To the extent that the "religious economists" are correct, then the new traditional economy must be viewed as a new perspective, or at least as a new model of an economic system, a new form in which economic behavior is embedded Polanyi-like within a broader socio-cultural framework in a way unseen in the world before.
cob.jmu.edu /rosserjb/NEWTRAD.IJS.doc   (5980 words)

 Islamic and Neo-Confusian perspectives on the new traditional economy Eastern Economic Journal - Find Articles
On the other hand, in contrast to the usual view of traditional economies as being technologically primitive and backward, this emerging ideology in many Third World nations seeks to combine elements of traditionalism with modern technology and at least some integration into the world economy, although such integration is difficult.
The new traditional economy is modern or new in using modern technology while simultaneously resurrecting or preserving traditional social practices.
The redistributive economy involves a central authority of some sort that redistributes goods, with the authoritarian Big Man and ancient empire economies being leading examples.3 In all of these society is somehow "primitive" to the economy, with the latter being embedded in the former.
www.findarticles.com /p/articles/mi_qa3620/is_199804/ai_n8792958   (876 words)

 2weekB   (Site not responding. Last check: 2007-10-30)
The notion of a dual economy is more or less a prescription of what to do to, namely, modernize the traditional economy (pp.51, 53, and 54 of the class packet).
In general, these stages suggest that a society moves from a traditional phase characterized by a lack of exposure to Western society, a lack of science or technology, a dependence on agriculture, and a high level of poverty to a modernized, industrialized, and developed economy.
The development of these plantations had a large impact on the village economies in Sri Lanka because the land which was previously available for farming, grazing animals, collecting wood, and other activities, was now unavailable.
www.geog.psu.edu /courses/geog103/Rostow.htm   (1714 words)

 Lesson 1.1: Types of Economies   (Site not responding. Last check: 2007-10-30)
There is little or no technology in traditional economies, which are typically found in rural, non-developed countries.
Specifically, the economy was not growing, consumers in China faced a barely sufficient food supply, rationed clothing, inadequate housing and a service sector that was inefficient.
In a traditional economy, a family or clan will decide what crops to grow, when to hunt and fish, who will do the work, and how the resources are shared among the clan or tribe.
home.comcast.net /~jmazidi/IntroBusiness/Lesson1-1.htm   (1286 words)

 Traditional economy-Khanty-Mansiysk Autonomous Okrug - Yugra   (Site not responding. Last check: 2007-10-30)
These factors provoked to development of traditional crafts of native small-in-number peoples of the North living on the territory of the Autonomous Okrug as follows: fishing, fish processing, hunting, reindeer husbandry, collection and processing of wild plants, berries, nuts and mushrooms, folk crafts, souvenir manufacture.
Hunting is another important occupation of the small-in-number peoples of the North in the traditional sector of economy.
The main reasons of the reduction of volumes of output in traditional branches are land pollution, tearing away tribal lands for industrial purposes.
www.hmao.wsnet.ru /english/peopleE/spravka/tradhoz.htm   (1346 words)

 Ygaen Hansen; B.C. & Brazil: what do they have in common?
Because the traditional economy in B.C., is very similar to traditional economies anywhere in the world, well established family ties and carefully nurtured friendships are in the end, what guarantees survival – not government programs.
Those well suited to perform the often casual and temporary jobs available in the traditional economy (and interested in doing so because it matches their career paths), become displaced by the boss’ in-laws and friends.
Similarly, those displaced from their jobs in the “traditional” sectors, apply (and may get) jobs where lesser training and experience are required.
www.brazilianist.com /23autumn02/23_ygaen_bc.html   (638 words)

 Net Economy Rules   (Site not responding. Last check: 2007-10-30)
The Net Economy creates exciting opportunities for those who recognize that the Net is transforming traditional concepts of products and services into new measures of economic value in terms of content and infrastructure.
For example, in the traditional economy, you can either be a content provider such as a book writer or an infrastructure provider, such as a publisher.
Compression, the Net Economy trend that squeezes distance and time out of the equation, eliminates most of the costs that the traditional economy has long assumed to be more or less fixed.
www.collegerecruiter.com /pages/articles/article144.htm   (3932 words)

The idea is that there is a global movement to "re-embed" modern, technologically advanced economies (such as ones pursuing nuclear power for peaceful or other purposes) back into a traditonal socio-political framework, following the categories of Karl Polanyi as discussed in his _The Great Transformation_.
In our book we had a chapter covering what we considered to be the first nation to attempt to implement a new traditional economy: Iran, with updated coverage in our second edition (2004, MIT Press), which has been struggling to adopt an Islamic econmic system since the Islamic revolution of 1979.
Today, the Iranian economy is dominated by oil, which has allowed it to accumulate a $40 billion reserve, which could allow it to put in place an embargo on oil production to achieve independence of its nuclear program, which is very popular in Iran, including with the liberal opponents of the new president.
maxspeak.org /mt/archives/001910.html   (1055 words)

 Traditional Economy of the Kavango   (Site not responding. Last check: 2007-10-30)
As such it contributes significantly to revenues of tourism establishments, however, it cannot be classified in the strictest sense as forming part of the traditional economy.
But money generated through sport angling enters the informal part of the economy in the form of wages paid to employees at the lodges, or informal wages paid ad hoc to local people assisting as crew members and fishing assistants.
Some of the prizes to be won in the competition include: for the biggest tigerfish, an aluminum boat valued at N$12000; for the biggest bream, an outboard engine valued at N$15000 and for the biggest barbel, a portable fridge valued at N$5000.
www.economist.com.na /2002/22mar/03-22-22.htm   (752 words)

 Vanuatu Cultural Centre :: Traditional Money Banks Project   (Site not responding. Last check: 2007-10-30)
c) facilitating the exchange of cash and traditional wealth items between the informal and formal economic sectors to both generate income for people involved in the traditional sphere of economic life and encourage the revival of traditional practices amongst those primarily involved in the cash economy.
The first activity of the project, a survey of the production processes and investment and banking mechanisms for traditional wealth items in Vanuatu, was completed by Mr Kirk Huffman at the end of 2004 and the survey report was published in July 2005.
From the 14th to the 18th of March 2005, the community of Uripiv Island hosted this workshop called “Workshop to recognise and promote the traditional economy as the basis for achieving national self reliance”.
www.vanuatu.net.vu /cgi-bin/moxiebin/bm_tools.cgi?print=26;s=2;site=15   (829 words)

 The Town Paper: Local Economy and Traditional Neighborhoods
Much can be said for the idea of community leaders giving serious thought to growing their own local economy.
As I see it, one is either on the side of a) growing a local economy, being a community builder, nurturing local businesses and aspects of connectedness in our blocks, neighborhoods, municipalities and regions, or b) part of the victim/exploiter dichotomy, vulnerable to or profiting from the get rich quick strategies developers are reviled for.
Even new urbanism, with developers used to the profit margins brought by the economies of scale of suburbia and municipalities used to the ease of administering "production developments," can be vulnerable to many aspects of the assembly line perspective.
www.tndtownpaper.com /Volume6/local_economy.htm   (577 words)

The economy is very inefficient because of (1) low allocative efficiency, due to the deviation of the industrial structure from the pattern dictated by the comparative advantages of the economy, and (2) low technical efficiency, resulting from managers' and workers' low incentives to work.
The suppressed sectors in the traditional economy are the sectors that are consistent with the comparative advantages of the economy.
Therefore, once the integrity of the traditional economic system was cracked by the introduction of microautonomy, institutional changes occurred in a way that was self-propelling toward the replacement of the traditional system with a more efficient market system.
www.cato.org /pubs/journal/cj16n2-3.html   (10921 words)

 The Global Knowledge Economy (David Skyrme Associates)
Various observers describe today’s global economy as one in transition to a ‘knowledge economy’, or an ‘information society’.
But the rules and practices that determined success in the industrial economy of the 20th century need rewriting in an interconnected world where resources such as know-how are more critical than other economic resources.
Measures of return on investment are done using traditional accounting methods, thus investments in knowledge enhancing activities need strong advocates at senior levels.
www.skyrme.com /insights/21gke.htm   (1075 words)

 Comparative Economic Studies - Abstract of article: The Transition between the Old and New Traditional Economies in ...
We extend Karl Polanyi's traditional economy concept to modern economies with advanced technology that are embedded in a traditional socio-cultural framework.
This is the New Traditional economy, seen in parts of the Islamic world and with the Hindu nationalist movement in India.
The changes in India's complexly mixed economy, with its increasing market and strong planned elements, constitute a transition from the Old to the New Traditional economy.
www.palgrave-journals.com /ces/journal/v47/n3/abs/8100059a.html   (165 words)

 Productivity Growth And The New Economy
The acceleration in traditional economic productivity was 0.64 percent for overall GDP, 0.91 percent for business output, and 1.16 percent for well-measured output.
Similarly, evidence suggesting the service and construction sectors performed poorly in the same period may well result from their questionable price indexes, which is why he excluded them from his well-measured output index.
In any case, Nordhaus concludes that while new economy industries have demonstrated acceleration of productivity growth in recent years, there has also been a substantial concurrent upturn in such growth in much of the traditional economy.
www.nber.org /digest/jun01/w8096.html   (559 words)

The economy of Sonitpur is underdeveloped and has its own pace, trend, tradition and development process.
n the district traditional economy provides a big source of income to the people for their livelihood.
Among the traditional crafts the making of bamboo and cane products is perhaps most universally practised by all sections of the people throughout the state.
sonitpur.nic.in /economy.htm   (1280 words)

 Traditional economy - Definition from Investor Dictionary - Define meaning of the word Traditional economy
Jan Company in Coromandel, 1605-1690;: A study in the interrelations of European commerce and traditional economies (Verhandelingen van het Koninklijk...
Rural industrialisation in a modern economy: A study of traditional wood and metal crafts of Alwar
Economic pressures on traditional society: A case study of Southeastern Nuba economy in the modern Sudan (Publications universitaires Européennes.
www.investordictionary.com /definition/Traditional+economy.aspx   (166 words)

What are the main features of China's economy in the late imperial period?
What sort of welfare provisions exist, and what effect does their presence or absence have on other aspects of the economy (e.g.
What is the importance of the financial system to the economy as a whole?
www.pitt.edu /~tgrawski/courses/econ1630/questions.html   (574 words)

 Region diversifies as layoffs alter traditional economy Vermont Business Magazine - Find Articles
Although there is nearly one million square feet of empty commercial/industrial space in the county, the largest vacant amount in many years, occupants are being found and that space will diminish say local experts.
While retail sales generally are in the doldrums, the result, say retailers, of a stagnant national economy and uncertainty with a war raging in Iraq, overall, the retail sector here seems vibrant.
McGrath sees the weakest sector of the local economy as the machine tool industry, an industry long in decline.
www.findarticles.com /p/articles/mi_qa3675/is_200305/ai_n9219010   (853 words)

ECONOMIC DECISIONS - based on traditional and religious beliefs.
Age was respected and the Elders had the most power.
hrsbstaff.ednet.ns.ca /mcallip/Econ11/Economies/traditional_economy.htm   (180 words)

 Radio Australia - Pacific Beat - Stories - VANUATU: Traditional economy being promoted
The Vanuatu government is defending its efforts to promote the country's traditional economy.
Prime Minister, Ham Lini has declared 2007 as the year of traditional economy.
He says promotion of the traditional economy has now become part of the Vanuatu government policy.
www.radioaustralia.net.au /pacbeat/stories/s1725621.htm   (140 words)

 EH327 China's Traditional Economy and its Growth in the Very Long-Term   (Site not responding. Last check: 2007-10-30)
EH327 China's Traditional Economy and its Growth in the Very Long-Term
China's Traditional Economy and its Growth in the Very Long-Term
A three-hour written examination in the ST counts for the remaining 70%.
lse.ac.uk /resources/calendar2004-2005/courseGuides/EH/2004_EH327.htm   (196 words)

 NWT Wildlife and Fisheries - Traditional Economy - beadwork
NWT Wildlife and Fisheries - Traditional Economy - beadwork
Since before the time of European contact, embroidery has been the art form women used to add beauty to their clothing and to express individual creativity.
Kate Carbin Duncan, Northern Athapaskan Art: a beadwork tradition.
www.nwtwildlife.com /Traditional_Economy/beadwork.htm   (654 words)

 Issihk.com - Hong Kong, Global Village Markets - Writing to the New Economy - One Stop Of Trade Source, Business ...   (Site not responding. Last check: 2007-10-30)
The new economy supplements the traditional economy, it does not support it.
Traditional Industry and models will never come back again
Open sources, codes, knowledge and materials are the ways to build our New Generation.
www.issicn.com /neweconomy   (484 words)

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