1) Compare and contrast Mancur Olson’s view of institutions and economic development with the standard institutional economics view developed originally by Douglass North and empirically tested by Acemoglu, Johnson and Robinson (which we discussed in class).
2) How does the free rider problem factor in the Olson model? Walk through how that eventually comes to bear on institutional and political change. Provide a critique.
3) Pick one of the case studies discussed in Chapter 6 (on Japan, China, South Africa or India). Explain how it is relevant for Olson’s model. Critique and discuss.
4) Why are asymmetries in special interest relevant for Mancur Olson’s theory? What if all special interest groups were symmetric in society (so that they were equal in size, financial power and the narrowness of the special interests they serve)? How would Olson’s conclusions be different
Sample Solution
The up rise of the fashion blogger and social influencer as a job and career has had a major impact on fashion and the industry in general. The influencers have brought a new aspect to social media where people want to see what people are doing, what they are wearing and what make-up they should be using right now. Social media is now very popular. Fashion blogs have become a huge influence on todayâs youth and the fashion industry. In more recent years YouTube has grown and âvloggingâ has become more popular. âThe increasing pervasiveness of social media and digital technology has had a dramatic impact on the fashion industry and labour within fashion.â (Arriagada, 2016.) One impact that social media has had on the fashion industry is that social influencers haven been able to promote brands and make them more popular by appealing to their audience, allowing trends, brands and even activities to be promoted over a wider audience. Blogs are the new editors and Instagram is seen as the new runways where people will go to find fashion inspiration on a daily basis. Wessingers (2007) found that âbefore Instagram had dedicated advertising tools they worked with influencers and consumers to circulate images of their bodies, lives and cultural practices.â therefore before blogging and vlogging became a job these images and posts where part of the digital labour that occurs on social media as these influencers would not have been getting paid but would have still been promoting brands and their products. This highlights how bloggi>
The up rise of the fashion blogger and social influencer as a job and career has had a major impact on fashion and the industry in general. The influencers have brought a new aspect to social media where people want to see what people are doing, what they are wearing and what make-up they should be using right now. Social media is now very popular. Fashion blogs have become a huge influence on todayâs youth and the fashion industry. In more recent years YouTube has grown and âvloggingâ has become more popular. âThe increasing pervasiveness of social media and digital technology has had a dramatic impact on the fashion industry and labour within fashion.â (Arriagada, 2016.) One impact that social media has had on the fashion industry is that social influencers haven been able to promote brands and make them more popular by appealing to their audience, allowing trends, brands and even activities to be promoted over a wider audience. Blogs are the new editors and Instagram is seen as the new runways where people will go to find fashion inspiration on a daily basis. Wessingers (2007) found that âbefore Instagram had dedicated advertising tools they worked with influencers and consumers to circulate images of their bodies, lives and cultural practices.â therefore before blogging and vlogging became a job these images and posts where part of the digital labour that occurs on social media as these influencers would not have been getting paid but would have still been promoting brands and their products. This highlights how bloggi>
