DIFFERENCE IN ECONOMIC POLICY BETWEEN REPUBLICANS AND DEMOCRATS IN THE USA

Economic development generally refers to the sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital, critical infrastructure, regional competitiveness, environmental sustainability, social inclusion, health, safety, literacy, and other initiatives. Economic development differs from economic growth. Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity.
The two major political parties in the United States, the Republicans and the Democrats believe in different ideologies. However, it is the choice of the citizens during a Presidential election, which matters in giving power to a specific party. A Democrat and a Republican differ in many ways, especially in their philosophy, ideas, worldview and politics. A Democrat is considered to be generally liberal whereas a Republican is known to be conservative.
The Republican holds economic equity on top than any other thing. They believe that all answers lay with the people rather than with the government. The Republican wants less governmental interference and strongly believes in property rights rather than believing in welfare rights.
Democrat looks towards equality under a federal government and a Republican looks towards people looking after themselves. A Democrat stands for government-supported programs like healthcare and giving government subsidies to business, schools and hospitals, which means levying more taxes. A Republican wants decisions to be made at the state level with less government involvement.
A Democrat wants the right to legislate equality and a Republican want the right to earn equality. A Democrat’s stance will always be to enhance his position with special interest groups and a Republican always chooses a stance that he believes to be correct.
So nobody needs an introduction about the two prime political parties of the United States-the Republican party and the Democratic party. Each of the two parties has its own beliefs and political theories. Before analyzing what differentiates Republicans from the Democrats in economic policy, let's take a brief look at these two parties.

Introduction 3
1. The history and ideology of Democratic Party 5
2. The history and ideology of Republican Party 12
3. Economic policy of Democrats and Republicans 18
Conclusion 29
Literature 31

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4. Arnold, N. Scott (2009). Imposing values: an essay on liberalism and regulation. Florence: Oxford University Press. p. 3. ISBN 0-495-50112-3.
5. Brian R. Farmer. American political ideologies: an introduction to the major systems of thought in the 21st century. Jefferson, North Carolina, USA: McFarland & Company, 2006.
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9. Donald T. Critchlow, The Conservative Ascendancy: How the Republican Right Rose to Power in Modern America (2011).
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11. Fried, Joseph. (2008). Democrats and Republicans-rhetoric and reality: comparing the voters in statistics and anecdote. New York: Algora Pub. ISBN 978-0-87586-603-1.
12. Galbraith Schlisinger, Of the People: The 200 Year History of the Democratic Party (1992).
13. GOP Seen as Principled, But Out of Touch and Too Extreme. Pew Research Center. February 26, 2013.
14. Grigsby, Ellen (2008). Analyzing Politics: An Introduction to Political Science. Florence: Cengage Learning. ISBN 0-495-50112-3.
15. Grover Norquist (2008). Leave Us Alone: Getting the Government's Hands Off Our Money, Our Guns, Our Lives. HarperCollins.
16. Hale, John (1995). The Making of the New Democrats. New York City: Political Science Quarterly.
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19. How Huckabee Scares the GOP. By E. J. Dionne. Real Clear Politics. Published December 21, 2007 // http://www.realclearpolitics.com/articles/2007/12/huckabees_rebellion.html
20. John Avlon (18 January 2013). GOP's surprising edge on diversity. CNN. Retrieved 22 January 2013 // http://edition.cnn.com/2013/01/18/opinion/avlon-gop-diversity/index.html?c=&page=0.
21. Jones, Jeffrey M. (5 January 2011). Democratic Party ID Drops in 2010, Tying 22-Year Low. Gallup, Inc. Gallup.com. Archived from the original on 8 July 2012 // http://www.gallup.com/poll/145463/Democratic-Party-Drops-2010-Tying-Year-Low.aspx.
22. Kenneth Janda, Jeffrey M. Berry,and Jerry Goldman (2010). The Challenge of Democracy: American Government in Global Politics. Cengage Learning.
23. Khan. Huma. Will Redistricting Be a Bloodbath for Democrats? ABCNews.com. 2010-11-04. Retrieved 2012-04-13 // http://abcnews.go.com/Politics/republicans-historic-win-state-legislatures-vote-2010-election/story?id=12049040#.T4eD_NnhdeM.
24. Levy, Jonah (2006). The state after statism: new state activities in the age of liberalization. Florence: Harvard University Press. p. 198. ISBN 0-495-50112-3.
25. Paul Rauber (2006 May-June). «Elephant Graveyard-How the Republican Party is Handling Environmental Issues». Sierra.
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27. Rachel Weiner, Reince Priebus gives GOP prescription for future, Washington Post March 18, 2013.
28. Republican Party Favorability. January 13, 2013. Pew Research Center.
29. Republican Party of United States // http://www.nationmaster.com/encyclopedia/Republican-Party-USA.
30. Robert Allen Rutland, The Democrats: From Jefferson to Clinton (U. of Missouri Press, 1995).
31. Scherer, Michael (2006-11-08). The Democrats are ready to lead'. Salon.com. Retrieved 2007-03-18 // www.salon.com/news/feature/2006/11/08/pelosi/.
32. The Origin of the Republican Party, A.F. Gilman, Ripon College, 1914. Content.wisconsinhistory.org. Retrieved 2012-01-17 / http://content.wisconsinhistory.org/cdm/compoundobject/collection/tp/id/46379/show/46363
33. Thompson, William; Joseph Hickey (2005). Society in Focus. Boston, MA: Pearson. ISBN 0-205-41365-X.
34. U.S. GOP districts becoming Whiter, more conservative. Azcentral.com (2013-05-29) // http://www.azcentral.com/news/politics/free/20130529gop-districts-becoming-whiter-more-conservative.html.
35. US Economic Policy. Economy watch // http://www.economywatch.com/economic-policy/us.html.
36. С. Fred Bergsten. A New Foreign Economic Policy for the United States // http://www.iie.com/publications/chapters_preview/3802/1iie3802.pdf.

1. A New Foreign Economic Policy for the United States // http://www.iie.com/publications/chapters_preview/3802/1iie3802.pdf.
2. Alan S. Blinder and Mark W. Watson Presidents and the Economy: A Forensic Investigation, Woodrow Wilson School and Department of Economics Princeton University, November, 2013.
3. America in the Twentieth Century: A Study of the United States Since 1917 – D. K. Adams – Google Books. Books.google.co.uk. Retrieved on 2013-07-15 // http://books.google.co.uk/books?id=n2c4AAAAIAAJ&pg=PA197&dq=liberal republicans LBJ cabinet&hl=en&sa=X&ei=71fnUJ33AOo4gS58oHwCA&ved=0CEUQ6AEwAw#v=onepage&q=liberal republicans LBJ cabinet&f=false
4. Arnold, N. Scott (2009). Imposing values: an essay on liberalism and regulation. Florence: Oxford University Press. p. 3. ISBN 0-495-50112-3.
5. Brian R. Farmer. American political ideologies: an introduction to the major systems of thought in the 21st century. Jefferson, North Carolina, USA: McFarland & Company, 2006.
6. Democratic Party (United States) // http://president.wikia.com/wiki/Democratic_Party_(United_States).
7. Democratic Party on Foreign Policy. Ontheissues.org. Retrieved 2013-10-02 // http://www.ontheissues.org/celeb/Democratic_Party_Foreign_Policy.htm.
8. Dissecting the 2008 Electorate: Most Diverse in U.S. History. Pew Research Center. April 30, 2009.
9. Donald T. Critchlow, The Conservative Ascendancy: How the Republican Right Rose to Power in Modern America (2011).
10. Economic Policy in USA // http://www.masterstudies.com/Masters-Degree/Economics/MA-in-Economic-Policy/USA.
11. Fried, Joseph. (2008). Democrats and Republicans-rhetoric and reality: comparing the voters in statistics and anecdote. New York: Algora Pub. ISBN 978-0-87586-603-1.
12. Galbraith Schlisinger, Of the People: The 200 Year History of the Democratic Party (1992).
13. GOP Seen as Principled, But Out of Touch and Too Extreme. Pew Research Center. February 26, 2013.
14. Grigsby, Ellen (2008). Analyzing Politics: An Introduction to Political Science. Florence: Cengage Learning. ISBN 0-495-50112-3.
15. Grover Norquist (2008). Leave Us Alone: Getting the Government's Hands Off Our Money, Our Guns, Our Lives. HarperCollins.
16. Hale, John (1995). The Making of the New Democrats. New York City: Political Science Quarterly.
17. History and chronology of Republican Party in USA // http://www.malc.eu/history/Republican-Party-USA.general.event.html.
18. History of the Republican Party (United States) // http://en.citizendium.org/wiki/History_of_the_Republican_Party_(United_States).
19. How Huckabee Scares the GOP. By E. J. Dionne. Real Clear Politics. Published December 21, 2007 // http://www.realclearpolitics.com/articles/2007/12/huckabees_rebellion.html
20. John Avlon (18 January 2013). GOP's surprising edge on diversity. CNN. Retrieved 22 January 2013 // http://edition.cnn.com/2013/01/18/opinion/avlon-gop-diversity/index.html?c=&page=0.
21. Jones, Jeffrey M. (5 January 2011). Democratic Party ID Drops in 2010, Tying 22-Year Low. Gallup, Inc. Gallup.com. Archived from the original on 8 July 2012 // http://www.gallup.com/poll/145463/Democratic-Party-Drops-2010-Tying-Year-Low.aspx.
22. Kenneth Janda, Jeffrey M. Berry,and Jerry Goldman (2010). The Challenge of Democracy: American Government in Global Politics. Cengage Learning.
23. Khan. Huma. Will Redistricting Be a Bloodbath for Democrats? ABCNews.com. 2010-11-04. Retrieved 2012-04-13 // http://abcnews.go.com/Politics/republicans-historic-win-state-legislatures-vote-2010-election/story?id=12049040#.T4eD_NnhdeM.
24. Levy, Jonah (2006). The state after statism: new state activities in the age of liberalization. Florence: Harvard University Press. p. 198. ISBN 0-495-50112-3.
25. Paul Rauber (2006 May-June). «Elephant Graveyard-How the Republican Party is Handling Environmental Issues». Sierra.
26. Pechanov V.O. The Democratic Party of the USA in the Struggle for a Voter // http://michael-mints.ru/my-publications-en/abstracts-en/usa-canada-en/pechatnov-from-jefferson-to-klinton-the-democratic-party-of-the-usa-in-the-struggle-for-a-voter/?lang=en.
27. Rachel Weiner, Reince Priebus gives GOP prescription for future, Washington Post March 18, 2013.
28. Republican Party Favorability. January 13, 2013. Pew Research Center.
29. Republican Party of United States // http://www.nationmaster.com/encyclopedia/Republican-Party-USA.
30. Robert Allen Rutland, The Democrats: From Jefferson to Clinton (U. of Missouri Press, 1995).
31. Scherer, Michael (2006-11-08). The Democrats are ready to lead'. Salon.com. Retrieved 2007-03-18 // www.salon.com/news/feature/2006/11/08/pelosi/.
32. The Origin of the Republican Party, A.F. Gilman, Ripon College, 1914. Content.wisconsinhistory.org. Retrieved 2012-01-17 / http://content.wisconsinhistory.org/cdm/compoundobject/collection/tp/id/46379/show/46363
33. Thompson, William; Joseph Hickey (2005). Society in Focus. Boston, MA: Pearson. ISBN 0-205-41365-X.
34. U.S. GOP districts becoming Whiter, more conservative. Azcentral.com (2013-05-29) // http://www.azcentral.com/news/politics/free/20130529gop-districts-becoming-whiter-more-conservative.html.
35. US Economic Policy. Economy watch // http://www.economywatch.com/economic-policy/us.html.
36. С. Fred Bergsten. A New Foreign Economic Policy for the United States // http://www.iie.com/publications/chapters_preview/3802/1iie3802.pdf.