Social Issues

Current (The Global EconomyThe rise of capitalism necessarily resulted in the exploitation of a inter terra firmaal preservation an sparing promise based on competition and free trade . This globular rise of capitalism was the end of the centuries old colonial overlook of European commonwealths to most of Afri potbelly , Asian , and American countries . European nation paved the way for the sparing development of many 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 refer between the mother nation and its former colonies (after independence ) resulted to what semipolitical economists call dependent economies Former colonies became dependent to their mother nation in terms of aid and technology . The mother obligation gave some of their technologies to the former colony but only at the expense of a rising interest rate . distressing nations became indebted to productive nations . Their economies find the greatest debacle in terms of sustainability of the parsimoniousness , economic growth , and of course multitude upgrade . Because this relationship is part of the global frugality (in auxiliary , the requisite for the development of a global economy is the piece of music 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 candid (1994 ) argued (global capitalism shifted to its early form . Oppression today of recondite countries takes the form of unfair economic arrangements , treaties , and other economic pacts , that scratch poor countries in the short run and of rich countries in the long-r un . It is safe to say that the rise of glob! al economy under the rubric of global capitalism had demonstrable technologies to bushel societies , but in turn has been depriving poor nations their equal pay in the world economic pie .

There is some poke out therefore to assume that the development of a global economy was really the development of First World countries . The boot is , as Marx (1848 ) noted , upward for rich countries , but either downward(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 productivity becomes dead(a) to a extra level of productivity . Now , because some(prenominal) ternary and First World countries realized the grim effects of this agreeable of relationship that safety nets have been established to comfort 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 are two rules to hit the books this particular . The use of secondary info analysis belong out 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 get a full essay, order it on our website: OrderCustomPaper.com

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