Social Issues

Current (The Global EconomyThe rise of capitalism necessarily resulted in the exploitation of a ball-shaped preservation an sparing system based on competition and free trade . This globular rise of capitalism was the end of the centuries old colonial dominate of European commonwealths to most of Afri potbelly , Asian , and American countries . European estate paved the way for the scotch development of umteen 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 affiliate between the mother nation and its former colonies (after independence ) resulted to what political economists call dependent economies Former colonies became dependent to their m other nation in terms of aid and technology . The mother land gave some of their technologies to the former colony but only at the expense of a rising interest rate . dreary nations became indebted to productive nations . Their economies grow the greatest debacle in terms of sustainability of the parsimoniousness , economic growth , and of course force upgrade . Because this relationship is part of the global economy (in escort , the requisite for the development of a global economy is the temperament of link between colonial nations and its coloniesThus , because of the undesirable personal effects of a global economy to the nations with relatively small economies , as plainspoken (1994 ) argued (global capitalism shifted to its early form . Oppression today of fertile countries takes the form of unfair economic arrangements , treaties , and other economic pacts , that learn poor countries in the short run and of rich countries in the long-run . It is safe to sa y that the rise of global economy under the ! rubric of global capitalism had create technologies to amend societies , but in turn has been depriving poor nations their equal give chase in the world economic pie .

There is some sense of smell out therefore to assume that the development of a global economy was really the development of First World countries . The commissioning is , as Marx (1848 ) noted , upward for rich countries , but any descending(prenominal) or sideward for the poor countries . Instead of economic development , countries may either experience underdevelopment (which is a downward front of the economy ) or stagnation (economic pr oductivity becomes stagnant to a extra level of productivity . Now , because two ternary and First World countries realized the grim effects of this agreeable of relationship that safety nets have been established to protect the economies of poor countries . An example of which is the establishment of the European Union to cling to economic cooperation between members of the European family of nationsThere are two rules to collapse this particular . The use of secondary selective information analysis result assistance the researcher determine whether some countries today experience underdevelopment . A criteria of underdevelopment must first however 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 break down a full essay, order it on our website: OrderCustomPaper.com

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