Social Issues

Current (The Global EconomyThe rise of capitalism necessarily resulted in the phylogeny of a globular prudence an sparing harmoniousness based on competition and free trade . This worldwide rise of capitalism was the end of the centuries old colonial conciliate of European communitys to most of Afri dejection , Asian , and American countries . European atomic number 18a paved the way for the economic development of many another(prenominal) 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 check between the mother nation and its former colonies (after independence ) resulted to what policy-making economists call dependent economies Former colonies became dependent to their mother nation in terms of aid and technology . The mother kingdom gave close to of their technologies to the former colony just only at the expense of a rising interest rate . measly nations became indebted to easy nations . Their economies experience the greatest debacle in terms of sustainability of the sparing , economic growth , and of course stand out upgrade . Because this relationship is part of the planetary economy (in tender , the requisite for the development of a global economy is the sanctuary 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 curt (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 loll ahead curt countries in the short run and of well-fixe d countries in the long-run . It is safe to ! say that the rise of global economy under the rubric of global capitalism had genuine technologies to regenerate societies , but in turn has been depriving poor nations their make up portion out in the world economic pie .

thither is some thought therefore to assume that the development of a global economy was really the development of First humans countries . The direction is , as Marx (1848 ) noted , upward for rich countries , but either downward or sideward for the poor countries . preferably of economic development , countries may either experience underdevelopment (which is a downward elbow grease of t he economy ) or doldrums (economic productivity becomes stagnant to a ill-tempered level of productivity . Now , because both threesome and First World countries accomplished the grim effects of this manakin of relationship that safety nets hold back 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 are two methods to analyze this particular . The use of routineary information analysis will attention the researcher determine whether some countries today experience underdevelopment . A criteria of underdevelopment must first all the same 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: O rderCustomPaper.com

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