The first article “Competition is Healthy for Governments, Too” by Gregory explains why competition is necessary for the government if it is provide quality services to the citizens. To begin with, the author argues that competition is important for markets to thrive and achieve their gains. Competition provides businesses with the best incentives to improve market performance and profitability (Mankiw 1). For governments, competition is necessary for the wider context of the economy. Increased competition results in proper governance.
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It is also easier to monitor taxes and public services where there is competition. This is the same case with capital movement. It is acknowledgeable that capital is usually mobile than issues of labor and the reason the government should embrace competition (Mankiw 1). Competition among governments will promote health care and improve public service. With competition, the government will be able to provide the people with better judicial systems, roads, schools and services. This is the reason why competition needs to be encouraged among governments.
The second article is ‘New York’s Poverty Rate Rises’ by Sam Roberts. The author of the second article states that the number of poor people in New York has increased tremendously by 100,000 in the last three years. The poverty level has increased from 1.3 to 21 percent in the same period. This economic implication has resulted from the sluggish economic recovery and the recession of 2008. Children and families in New York are vulnerable because people fight hard to live above the poverty line (Roberts 1). By the year 2010, more than 1.7 million New Yorkers were living in poverty and declining conditions.
Between 2009 and 2010, the poverty rate of the city has increased from 1.5 to 18.8 percent. It is important to address the issue of the country’s economy to fight the poor living conditions in the country. Studies also show that Asians, Hispanics, and blacks face the highest incidences of poverty. If the recession continues to recede, the author of the article believes that the country might continue witnessing increased levels of recession and poverty (Roberts 1).
The third article is ‘In Wariness on Economy, Poll Finds Opening for Romney’ by Jeff Zeleny. The author of this article explores the status of the United States’ economy today. Many Americans hope that the economy will improve in the coming years. However, the idea is that a new policy will promote the economy. According to CBS poll results, many people believe that Mitt Romney might propel the economy further.
Although the economy is still under recession, the people are optimistic that a new change will help reduce poverty levels. The elections between Romney and Obama will open a new debate in the coming campaigns (Zeleny 1). Many people who have no confidence in Mr. Obama need a change and believe that the economy will improve when the country is under new governance. The author also explains how Mr. Romney needs to strategize his position if he becomes the president of the country.
From these three articles, the issue of the economy is widely explored by the three authors but from different viewpoints. In order to promote economic growth, there is a need to promote competition among governments (Zeleny 1). The articles also explain the political implications of economic recovery in the United States. If the economy improves, it will be possible to fight the increasing poverty in the country and fight the recession. These articles are relevant to the improvement of the country’s economy.
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Mankiw, Gregory. “Competition is Healthy for Governments, Too.” New York Times 2012. Print.
Roberts, Sam. “New York’s Poverty Rate Rises, Study Finds.” New York Times 2012. Print.
Zeleny, Jeff. “In Wariness on Economy, Poll Finds Opening for Romney.” New York Times 2012. Print.