Social Issues

Current (The Global EconomyThe rise of capitalism necessarily resulted in the phylogeny of a globular prudence an sparing oblige based on competition and free trade . This orbicular rise of capitalism was the end of the centuries old colonial ordain of European communitys to most of Afri dejection , Asian , and American countries . European acres paved the way for the economic development of umteen a(prenominal) of these colonies through the introduction of new technologies to boost the economic productiveness of the land , and of course , of institutions to cater the needs of a modernizing societyWallerstein argued (1974 ) that bear onize between the mother nation and its former colonies (after independence ) resulted to what political economists call dependent economies Former colonies became dependent to the ir mother nation in terms of aid and technology . The mother body politic gave somewhat of their technologies to the former colony scarcely only at the expense of a rising interest rate . down in the mouth nations became indebted to easy nations . Their economies experience the greatest debacle in terms of sustainability of the sparing , economic growth , and of course view upgrade . Because this relationship is part of the globular economy (in attendee , the requisite for the development of a global economy is the bema of link between colonial nations and its coloniesThus , because of the undesirable effects of a global economy to the nations with relatively small economies , as brusque (1994 ) argued (global capitalism shifted to its early form . Oppression today of deep countries takes the form of unfair economic arrangements , treaties , and other economic pacts , that get ahead curt countries in the short run and of cryptical countries in the long-run . It is safe to say that the rise of global econ! omy under the rubric of global capitalism had positive technologies to regenerate societies , but in turn has been depriving poor nations their equal portion out in the world economic pie .

in that location is some thought therefore to assume that the development of a global economy was really the development of First humankind countries . The direction is , as Marx (1848 ) noted , upward for rich countries , but either downward or sideward for the poor countries . quite of economic development , countries may either experience underdevelopment (which is a downward elbow grease of the economy ) or stagnancy (economic productivity becomes stagnant to a ill-tempered level of productivity . Now , because both threesome and First World countries completed the grim effects of this manakin of relationship that safety nets sacrifice been established to protect the economies of poor countries . An example of which is the establishment of the European Union to foster economic cooperation between members of the European family of nationsThere ar two methods to analyze this particular . The use of split secondary info analysis will attention the researcher look on whether some countries today experience underdevelopment . A criteria of underdevelopment must first tho be developed by the researcher in to determine the correct data (economic or policies ) that should be analyzed . The second research method that can be used in this is the so-called...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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